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.