Azerbaijani-Chinese JV decides on volumes and terms of supply to Georgia

Business Materials 25 September 2019 17:37 (UTC +04:00)

Baku, Azerbaijan, Sept. 25

By Matanat Nasibova – Trend:

The Azerbaijani-Chinese joint venture - Elektrogas plant - for the production of combi boilers has decided on the volumes and terms of supply to Georgia, director of the plant Elnur Jamilli told Trend.

"We plan to begin to supply the combi boilers to the Georgian market in late October,” he said. “The negotiations with partners in this country are almost over. The forthcoming volumes of supply of the combi boilers of the plant have been discussed.”

“Some 400 combi boilers are planned to be initially supplied to Georgia,” Jamilli said. “The further supply volumes have not yet been discussed. Everything will depend on demand in the Georgian market."

“Up to 100,000 combi boilers are planned to be produced at the plant annually,” he said.

The local and Chinese investments in the amount of two million manats were made in the establishment of the company. The company plans to increase the amount of investments up to 11 million manats in the future.