Japan Bank finances power plant to aid development in Azerbaijan

18 May 2005 - The Japan Bank for International Cooperation (JBIC) is to loan the Government of the Republic of Azerbaijan around ¥30bn ($279m) for the construction of a 400 MW power unit near Baku.

The Official Development Assistance low interest and long term loan will finance the natural gas combined cycle unit in the Shimal thermal power station, located just outside the country's capital.

A statement from JBIC read: "When completed, the project is expected to increase the country's power supply capacity, thereby minimizing power shortages and contributing to the overall development of infrastructure that is integral for economic development."

Azerbaijan has recorded almost 10 per cent growth in recent years, driven by oil and natural gas development.

A number of the country's power stations, built during the Soviet era, have been operating for more than 30 years and are now generating at a lower capacity. In 2003, the available power supply was 4240 MW, which is unable to meet the current peak demand of 4500 MW.

The eastern Baku region is Azerbaijan's main industrial centre and is heavily populated, however, 80 per cent of the existing antiqued generation facilities are located in the west of the country.

Sponsored by FLSmidth

Related Articles

Idaho Public Utilities Commission federally mandated contracts Idaho Power renewable energy solar wind

Commission cuts solar, wind power contracts to five years

The Idaho Public Utilities Commission has reduced the length of federally mandated contracts Idaho Power signs with renewable energy projects such as solar and wind from 20 years to five years.

TECO Energy TECO Coal amendment Cambrian Coal Corporation

TECO amends deal to sell coal business unit

TECO Energy (NYSE: TE) said it has entered into a second amendment of its agreement with Cambrian Coal Corp. to modify terms related to the sale of TECO Coal.

Follow Power Engineering on Twitter
Latest News

S. Africa court dismisses Westinghouse nuclear generator replacement dispute

A South African court dismissed a filing from Westinghouse Electric Co. asking to reopen bidd...

IAEA urges India to tighten nuclear safety regulations

The International Atomic Energy Agency (IAEA) is pressing India to tighten its nuclear safety...

Caterpillar's C280 Genset enters China offshore market

Caterpillar Oil & Gas will supply six of its Cat C280-16 offshore generator sets (gensets...

Justices divided over EPA mercury limits

The Supreme Court's conservative justices cast doubt on the Obama administration's first-ever...

Report: Global wind power installations increased by 42% in 2014

Global wind power installations grew 42 percent year-over-year, according to a new report con...

Low carbon standard passes Ill. Senate committee

An Illinois Senate committee passed a bill that would establish a low carbon standard that wo...

Russia to build two nuclear power reactors in Jordan for $10bn

Russia signed a $10 billion deal to build Jordan’s first nuclear power plant.

Iowa top officials on opposites sides in EPA lawsuit

Iowa's governor and attorney general were on opposite sides of a case argued Wednesday at the...

Power Engineering Current Issue

01/01/2015
Volume 119, Issue 1
1501pe-cover-lg
Products Showcase
Dynamic Fluoride Ion cleaning DFIC of industrial natural gas turbines Hi-Tech Furnace Systems

Dynamic Fluoride Ion Cleaning of IGT Parts

The Dynamic Fluoride Ion Cleaning (DFIC) Process from Hi-Tech Furnace Systems is able to clean deep, narrow cracks of oxides by cycling between negative, atmospheric, and positive pressure.

Archived Articles

2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015

Power Industry Wire News

Earthstone Energy, Inc. Reports Fourth Quarter and Full Year 2014 Results

Earthstone Energy, Inc. Reports Fourth Quarter and Full Year 2014 Results

Chicago's Lakeshore Recycling Systems Helps Change a Life on March 27 Airing of the Steve Harvey Show

Chicago's Lakeshore Recycling Systems Helps Change a Life on March 27 Airing of the Ste...

East West Petroleum Corp.'s CEO David Sidoo Interviewed by The Energy Report

East West Petroleum Corp.'s CEO David Sidoo Interviewed by The Energy Report

Perma-Fix Schedules Fourth Quarter 2014 Earnings Conference Call

Perma-Fix Schedules Fourth Quarter 2014 Earnings Conference Call

Murray Energy's Controlling Interest of Foresight Creates U.S. Coal Mining Giant, an Industrial Info News Alert

Murray Energy's Controlling Interest of Foresight Creates U.S. Coal Mining Giant, an In...

Power Engineering

Article Archives for Power Engineering Magazine

Continuing Education

Professional Development Hours

To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

Latest Energy Jobs

View more Job Listings >>