AZERBAIJAN IN TALKS WITH EBRD ON SELECTION OF A VARIANT ON REHAVILAITION OF SDPS
The Azerbaijani government is in talks the European Bank for Reconstruction and Development (EBRD) on the selection of a variant on rehabilitation of the biggest power station in the country, which provides almost half energy generation вЂ" Azerbaijan State District Power Station (SDPS) in Mingechevir. The project will be implemented by Azerenerji JSC, McNeill Watkins, the head of the project management team of PA Consulting Group, Trend reports.
According to Watkins, PA Consulting Group presented to the bank the last variant of the feasibility study of the project, technical parameters, as well as working variant of tender documents. "The amount of the credit will depend on the variant of rehabilitation. The expenses for the rehabilitation work might comprise $100m, or even $180m. The EBRD proposed to allot $150m for the implementation of the project on the reconstruction of AzSDPS. After the selection of the variant the bank will allocate short term loan," Watkins noted.