Azeri Industry and Energy Ministry works with Total

Oil&Gas Materials 8 June 2006 13:53 (UTC +04:00)

Azeri Ministry of Industry and Energy and Total of France intend to execute a joint project for renewable energy sources, reportedly said Natik Alyev, Minister of Industry ad Energy.

Aliyev said aforesaid French company has a considerable work experience in this sphere. It operates farms in France powered by wind turbines.

In late May, Azeri government signed a technical assistance letter with Asian development Bank for alternative energy source implementation design.

ADB plans to issue a $40mln credit for the project execution. $25mln will be granted on preferential terms and $15mln on usual terms.

The project aims at supplying the countrys with alternative energy sources to bost agricultural activity.