VOL. XLIV

No. 02

8-January-2001

CASPIAN

Japans Mitsui To Refurbish Azerbaijan Power Plant

Mitsui Corporation of Japan has started work on a $339mn upgrade at Azerbaijans Severnaya power station, the countrys oldest. Mitsui will act as main contractor for the project, while subcontractors include ABB of Sweden and TML Borova of Turkey. Financing for the project will come through the Japan Bank for International Cooperation (JBIC). About $200mn will go towards upgrading the stations current 150mw...