• $
  • €
  • ₽
  • ₺
  • £
ALL NEWSPolitical NewsSocietyCultureBusinessSportWorldPhotoVideo
Categories Business

ADB approved $750 mln loan to Azeri energy sector

ADB approved $750 mln loan to Azeri energy sector
14.07.2016 09:33
The Asian Development Bank (ADB) has approved a $750 million loan facility to modernise the country's energy system, the bank said in a statement.
   
The funds will be used for the reconstruction of electricity distribution stations, to buy new electricity meters and improve services and should be drawn within six years.
   
The loan is planned to be allocated in three tranches of $250 million each. The first tranche will cover investment activities from mid-2016 to the end of 2018.





www.ann.az
Instagram
Go
Similar news
Similar news
Central Bank of Azerbaijan Releases Official Exchange Rates for October 23
Business 11:00
Central Bank of Azerbaijan Releases Official Exchange Rates for October 23
Natural Gas Futures Drop on New York Mercantile Exchange
Business 10:30
Natural Gas Futures Drop on New York Mercantile Exchange
Brent Climbs Above $113, WTI Tops $100
Business 10:00
Brent Climbs Above $113, WTI Tops $100
Abortion Rates in Azerbaijan Rise 21.9% in 2025, Statistics Committee Reports
Business 16:59
Abortion Rates in Azerbaijan Rise 21.9% in 2025, Statistics Committee Reports
Armenian Deputy PM Visits Syunik for Trump Route Infrastructure Planning
Business 14:30
Armenian Deputy PM Visits Syunik for Trump Route Infrastructure Planning
Azerbaijan Sets Target for Transition to Electric Stoves in Residential Buildings
Business 14:00
Azerbaijan Sets Target for Transition to Electric Stoves in Residential Buildings
Brent surges to $110.84, WTI reaches $98.64
Business 13:00
Brent surges to $110.84, WTI reaches $98.64
Azeri Light crude climbs to $119.70 per barrel
Business 12:30
Azeri Light crude climbs to $119.70 per barrel
Gold drops to $4,106 per ounce on COMEX
Business 12:00
Gold drops to $4,106 per ounce on COMEX
Anews TV

Our official Youtube channel

Subscribe

Latest news

World 12:30
Iran Urges Middle East Nations to Reject US Military Support, Warns of Retaliatory Strikes
World 12:00
Belgian Prime Minister Warns Europe Lacks Funds for New Projects
World 11:30
Injuries Rise to 46 Following Magnitude-7 Earthquake in Tibet
Business 11:00
Central Bank of Azerbaijan Releases Official Exchange Rates for October 23
Business 10:30
Natural Gas Futures Drop on New York Mercantile Exchange
Business 10:00
Brent Climbs Above $113, WTI Tops $100
Society 09:30
CSTO Secretary General: Armenia Has De Facto Withdrawn from the Organization
Society 18:00
Disruptions Hit Official Websites of Azerbaijani State Agencies
Society 17:30
Flu Vaccination Campaign Underway in Baku and Sumgayit with Dutch Vaccine
Business 16:59
Abortion Rates in Azerbaijan Rise 21.9% in 2025, Statistics Committee Reports
Society 16:29
Abortion Rates in Azerbaijan Rise 21.9% in 2025, Statistics Committee Reports
Political News 16:00
Pashinyan Announces Forthcoming Draft Constitution, Does Not Rule Out Early Elections
Political News 15:30
Pashinyan: Peace Treaty with Azerbaijan Possible in 2027–2028
Society 15:00
Cabinet Approves Updated Board of Defense Industry Ministry
Business 14:30
Armenian Deputy PM Visits Syunik for Trump Route Infrastructure Planning
More news
"Freedom for Misha!" inscriptions appear in key Georgian cities
16:30

"Freedom for Misha!" inscriptions appear in key Georgian cities

 Photo
Aliyev, Erdogan and Pashinyan hold joint discussion in Prague
16:23

Aliyev, Erdogan and Pashinyan hold joint discussion in Prague

 Photo
To the loving memory of Azad Khalilov - PHOTOS
17:58

To the loving memory of Azad Khalilov - PHOTOS

 Photo
Turkish, Iraqi foreign ministries hold political consultations
17:27

Turkish, Iraqi foreign ministries hold political consultations

 Photo
"Freedom for Misha!" inscriptions appear in key Georgian cities
16:30

"Freedom for Misha!" inscriptions appear in key Georgian cities

 Photo
Aliyev, Erdogan and Pashinyan hold joint discussion in Prague
16:23

Aliyev, Erdogan and Pashinyan hold joint discussion in Prague

 Photo
Horrors in India's Dairy Industry
12:02

Horrors in India's Dairy Industry

 Video
Azerbaijani MP calls Musavat and APFP “traitors” — VİDEO
17:30

Azerbaijani MP calls Musavat and APFP “traitors” — VİDEO

 Video
Los Angeles Police deny Armenian lobby’s allegations - VİDEO
10:06

Los Angeles Police deny Armenian lobby’s allegations - VİDEO

 Video
Luis Suarez sends emotional message of support to cancer sufferer
12:31

Luis Suarez sends emotional message of support to cancer sufferer

 Video
Horrors in India's Dairy Industry
12:02

Horrors in India's Dairy Industry

 Video
Azerbaijani MP calls Musavat and APFP “traitors” — VİDEO
17:30

Azerbaijani MP calls Musavat and APFP “traitors” — VİDEO

 Video