Winner of Competition on Sale of Jeyranbatan Water Supply OJSC Stakes

Business Materials 6 November 2008 12:46 (UTC +04:00)

Azerbaijan, Baku, 6 November / Trend / The Competitive Commission specified winner of the competition on sale of stakes of Jeyranbatan Water Supply Open Joint Stock Company (OJSC) after study of investment bids, the Azerbaijani State Committee for management with state property said.

The winner is an individual, who will provide the enterprise with AZN 50,000 investment within three months in accordance with the investment program. Means will be directed to develop the enterprise in line with contemporary standards and norms and improve its services.

Under terms of the competition, investor should transfer AZN 70,000 to the public budget. The investment program envisages opening new jobs and raising wages.