Islamic Bank allocated $185 million for laying power line between East and West Azerbaijan
Baku, Fineko/abc.az. From 1975 Islamic Development Bank (IDB) invested 25% of its financing in energy sector development in member- countries.
The bank reports that it recently approved $1,158 bn for financing power generation projects in Morocco, Tunisia, Uzbekistan, Iran and Tajikistan.
Other energy sector approvals in the Board meeting were US$ 185 million for the North-West Region Electric Power Transmission Project in Iran, which aims to improve heavy electricity transfer grid in the country’s East Azarbaijan, West Azarbaijan and Ardabil provinces.
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