The project will include upgrading the power plant’s eight generating units. Azerbaijan estimates the project, located on the Upper Karabakh canal 400km west of Baku, will cost US$80M.
With a total generating capacity of 2400MW, the plant supplies more than half of Azerbaijan’s electricity requirements.
Azerbaijan has implemented two projects in the energy sector with EBRD loans; an upgrade of the Minyachevir hydro power station for US$21M and the construction of the Yenikend hydro power station for US$53M.
