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SELECTION OF CONSULTANT WITHIN SECOND GAS STING DEVICE 400 MEGAWATT AT �SHIMAL’ SDPS

Oil&Gas Materials 13 July 2005 18:38 (UTC +04:00)

The Azerenerji joint stock company intends to select a consultant within project of the construction of the 400 megawatt gas sting device (GSD) at the �Shimal’ state district power station, JSC told Trend.

“This issue is agreed with the Japanese Bank of International development (JBIC). The Azerenerji and the JBIC will select 4-5 well-known companies and hold a tender among them," JSC noted.

The agreement on allotment a 29,280m Japanese yens ($275m) privileged long-term credit on the construction of the second gas sting device (GSD) at the �Shimal’ SDPS was signed in Baku on May 13.

The JBIC allotted a credit to Azerbaijan for 40 years with 10-year period of grace under 0,75% interest rate. The total value of the project comprises more than $330m.

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