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Article: Azerbaijan : ADB ready to guarantee Azerbaijan drawing up to $200 million for energy project.
- Article from:
- TendersInfo
- Article date:
- November 4, 2009
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Byline: Mamta03
The Asian Development Bank is ready to render guarantee support to the Azerbaijani government for drawing loans up to $200 million for construction of 800-megawatt thermal station Cenub from commercial banks, the bank's office in Baku said.
"This guarantee will increase term of drawn loans. It can cover 13 years and reduce interest rates on loans," the representation said.
The Islamic Development Bank has already approved financing to the amount of $200 million for construction of Cenub ...