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Azerbaijan announces competition to sell a hydropower plant

01 December 2008 16:29 (UTC +04:00)

Baku. Rashad Suleymanov - APA-Economics. Azerbaijan State Property Management Committee has announced an investment competition for sale of Belakan Hydropower Plant.
The competition is open to both local and foreign investors.
The priority will be given to investors with the highest bid for investment and best undertakings for their efficient investment of capital.
Located in the village Mahamalar, the small hydropower plant was offered for sale with a starting price of AZN 14 763.
The plant is located in 0.83 hectares and has no intangible assets.
The power plant was launched in 1954.
The annual output of the power plant is 304 kilowatts. The plant does not payables and obligations.
The deadline for application and bidding is December 28. The bids will be assessed from December 29.