📋 Tender Overview
Location: Azerbaijan
Project number: 55016
Business sector: Energy
Notice type: State
Environmental category: B
EBRD Finance Summary: USD 30,000,000.00
Total Project Cost: USD 30,000,000.00
Project Description
The provision of a sovereign loan of up to USD 30 million to finance the purchase of autotransformer equipment for reinforcing works at four operational substations in Azerbaijan (the "Project"). The Republic of Azerbaijan represented by the Ministry of Finance will act as the borrower. Azerenerji OJSC will act as the implementing entity for the Project.
Project Objectives
The Project will support the purchase of autotransformer equipment for reinforcing works at four operational substations in Azerbaijan. The Project will help to improve the flexibility of the power system in Azerbaijan required to integrate renewable energy capacities. The successful implementation of the Project would set an example for further grid strengthening projects that are important for the integration of renewable energy projects in the country.
Transition Impact
ETI score: 65
The Project will promote the "Resilient" transition quality by allowing the connection of planned renewable energy installations which currently are not possible due to inadequacy of the grid or lead to a decrease in the curtailment of existing renewable energy installations.
The Project will also promote the "Green" transition quality by entailing a policy engagement, which aims to deliver institutional reform and lead to structural changes across sectors/markets.
