Bank Of Baku

PPP agreement signed for Caspian Sea desalination plant construction -PHOTO

PPP agreement signed for Caspian Sea desalination plant construction -PHOTO
# 22 September 2025 11:24 (UTC +04:00)

A Public-Private Partnership (PPP) agreement has been signed for the construction of a desalination plant in the Caspian Sea, APA-Economics reports.

The agreement covers the design, construction, financing, operation, and maintenance of the Caspian Sea water desalination plant.

The document was signed by Zaur Mikayilov, Chairman of the Azerbaijan State Water Resources Agency, and Marco Arcelli, CEO of ACWA Power.

 

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