Talks with EBRD for AzHPP rehabilitation are on Azenerji president
At the moment Azenerji AO and EBRD are preparing contract documents for rehabilitation of AzHPP in Mingachevir, Trend reports quoting Etibar Piriverdiyev, President of AO.
EBRD is planning to issue a $115mln credit for 15 years at preferential period 3 years at libor+1% rate, Piriverdiyev said.
He said also equipment purchases are starting in September.
EBRDs credit will be mainly allotted for rehabilitation of turbine equipment and environment improvement.