Barmek Azerbaycan plans to discuss volume of investments in electrical networks development in 2006 with Azerbaijan’s Government

Oil&Gas Materials 26 November 2005 17:22 (UTC +04:00)

Barmek Azerbaycan (the operator of the power distribution networks of Baku and Sumgayit) plans to discuss the volume of investments in the development of the power networks in 2006 with the government of Azerbaijan, the Barmek Azerbaycan president Huseyn Arabul told Trend.

According to him, under the contract with the country’s government Barmek Azerbaycan is to invest in 2006 about 70 billion AZM. "However, by estimations, more funds will be required for the implementation. Baku is developing by accelerated tempos and the power system and infrastructure are to be developed in parallel. Therefore, we intend to discuss the issue with the government”, Arabul noted.