The Azerbaijan-Kyrgyz Development Fund has allocated 14.4 million US dollars in funding for 4 investment projects with a total value of 52.7 million US dollars, the Ministry of Economy told APA-Economics.
According to the information, these are the 9 MW "Tyup HES" small hydroelectric power station, the "Tanar Group" multifunctional center within the social housing complex, the "KG Tex" 300-job sewing factory, and the "Orion Grand" carpet manufacturing plant.
It was noted that the authorized capital of the Fund is planned to be increased to 100 million US dollars.