Bank Of Baku

Gas network of Azerbaijan capital to be reconstructed from next year

Gas network of Azerbaijan capital to be reconstructed from next year
# 03 February 2011 11:48 (UTC +04:00)
According to him, talks are being held with German E.ON and RWE Companies and will be end until end of February: “Azerigaz will sign a memorandum with new company on reconstruction of Baku’s gas system, until end of February”.

He also noted that, development process of the project will end by the end of 2011 and implementation of it will start from 2012. It will take 10 years.

Besides, 800-900 mln Euros is required for this and it’s planned to be borrowed from foreign bank.


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