Azerbaijan’s head funds AZN 30 million for increase of generation of electricity

12:10 - 18.12.2018

December 18, Fineko/abc.az. Azerbaijani President Ilham Aliyev has signed an order on measures aimed at increasing generation of electricity.

Under the order, the Presidential Reserve Fund of State Budget 2018 will allocate AZN 30 million for increase of the authorized capital of electric power company Azerenerji for repair & restoration works at power plants ‘Shimal’, ‘Janub’, ‘Sumgayit’ and ‘Mingachevir’ and their equipping.

The Ministry of Finance will undertake the financing procedure.

 

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