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ADB considers support for Azerbaijan’s power projects
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Trend – News from Azerbaijan, Georgia, Kazakhstan, Turkmenistan, Uzbekistan, Iran and Turkey.
The Asian Development Bank is considering a project titled Preparing Azerbaijan Sustainable Power Infrastructure Projects.
According to the latest data from the Asian Development Bank (ADB), Azerbaijan secured $2.53 billion in sovereign financing for 10 projects between 2015 and 2024.
More than half of that funding (51%) was allocated to regional cooperation and integration projects, representing one of the highest shares among ADB's peer countries.
Notably, 78% of these commitments were linked to regional cooperation and integration—the highest proportion among comparable upper middle-income economies in ADB's portfolio.
The bank is also providing technical assistance for renewable energy projects in Azerbaijan.