EBRD funds US$7M upgrade

28 June 2004


The project will include upgrading the power plant's eight generating units. Azerbaijan estimates the project, located on the Upper Karabakh canal 400km west of Baku, will cost US$80M.
With a total generating capacity of 2400MW, the plant supplies more than half of Azerbaijan's electricity requirements.
Azerbaijan has implemented two projects in the energy sector with EBRD loans; an upgrade of the Minyachevir hydro power station for US$21M and the construction of the Yenikend hydro power station for US$53M.



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