BAKU, Azerbaijan, October 24. The ball is rolling on the construction of the 220/110 kV Novkhani substation in Azerbaijan, Trend reports via the unified internet portal of public procurements.
Azerenergy Open Joint-Stock Company (OJSC) has initiated the
requisite operational undertakings.
Concurrently, the OJSC is in the process of ascertaining the entity
that will execute the construction phase.
Concurrently, Azerenergy has estimated that the capital expenditure
for the substation's construction will necessitate an investment of
49.7 million manat ($29.2 million).
Azerenergy OJSC stands as the preeminent entity in the electrical power generation sector within the Republic of Azerbaijan. It concurrently sustains the most extensive distribution infrastructure nationwide, notwithstanding the ongoing privatization of regional power grids. Azerenergy underwent a transformation into a state-owned joint stock entity in 1996, pursuant to the executive directive issued by late President Heydar Aliyev.
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