Bank Of Baku

Baku Electricity Networks approves Investment Program for 2007-2008

Baku Electricity Networks approves Investment Program for 2007-2008
# 30 March 2007 14:34 (UTC +04:00)
OJSC Bakielectricshebeke, Baku Electricity Networks, has approved its Investment Program for 2007-2008.
The Company Public Affairs Officer Tanriverdi Mustafayev told APA-Economics that the program is aimed at implementing some construction and reconstruction activities in Baku and surrounding areas.
The overhead high-voltage power lines will be reconstructed, substations will be repaired and some overhead supply lines will be replaced with underground cables.
A double 100KV power line between Mushviq and Shikh will be constructed and a number of modern transformers will be installed in Baku.
The reconstruction works spent AZN 25mln during the past three months, of which AZN 12mln were provided by the Reserve Fund.
Some 45 state-of-the-art transformer stations were established in Baku during December, 2006, January and February, 2007. /APA-Economics/
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