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Islamic Bank allocated $185 mln for laying power line between East and West Azerbaijan

Posted on 14 August 2012

From 1975 Islamic Development Bank (IDB) invested 25% of its financing in energy sector development in member- countries. The bank reports that it recently approved $1,158 bn for financing power generation projects in Morocco, Tunisia, Uzbekistan, Iran and Tajikistan.
Other energy sector approvals in the Board meeting were US$ 185 million for the North-West Region Electric Power Transmission Project in Iran, which aims to improve heavy electricity transfer grid in the country‚Äôs East Azarbaijan, West Azarbaijan and Ardabil provinces………………………………………..Full Article: Source

 
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