ILHAM ALIYEV PARTICIPATES AT FOUNDATION LAYING OF SUMGAYIT POWER STATION
Ilham Aliyev, the President of Azerbaijan, participated at the foundation laying of the Sumgayit power station and got familiar with the administrative building of the enterprise on Friday.
In his opening remarks, the President said that the construction of the new power station in Sumgayit was a big event in the modern history of the country, Trend reports. According to Aliyev, the construction of the 500 megawatt object will require from 2 to 2.5 years.
The President noted that there is a lack of energy in some regions, particularly, in the winter. New energy objects will be put in exploitation to settle the problem 300-400 megawatt stations will be constructed in Baku and Ali-Bayramli till late 2006.
Today investors believe in future of the Azerbaijani economy. вЂњAzerbaijan suffered difficulties in obtaining of credit in past as it was the country of big risk. Today there is no such a problem,вЂќ he added.
In his address, Vagif Aliyev, the head of the Sumgayit Executive Power, said that $115 million foreign investments were put in Sumgayit. Private construction is carried out in 64 square meters, while new rig of plastic wastes will be put in exploitation soon.
Etibar Pirverdiyev, the head of the Azerenerji, noted that the technology used by the Simens Company meets the most modern requirements.
The power station will not have equal in the Commonwealth of Independent States (CIS) countries. According to Pirverdiyev, the development of the regions requires increase of capacity of the energy system and it will be increased by 3.000 megawatt in the nearest 5 years.
The work on replacement of high-voltage electric transmission lines will be carried out as well.
The president visited the Real clinic, as well as newly built house for disabled people at end.