Azerenerju set to selection of the consultant to carry out the project for reconstruction of Shimal SDPS. “There is not any problem in the implementation of the project. We fulfilled all conditions and legalization of signatures is underway,” the Cabinet of Ministers told Trend.
Azerbaijan will receive the credit of the JBIC in the amount of $273.6m for 40 years with grace period and 0.75 annual rates. The project envisages the construction of the 400 MW, restoration of electric transmission line, construction of new electric transmission line. The work is planned to start in the 4th quarter of 2005, which will last 27 months and end late 2007-early 2008.