The bank plans to allocate $250 million annually for the development of the electricity distribution network in Azerbaijan, and ADB has provided technical assistance in the amount of $800,000 for the development of the project. The share of government’s involvement in the project is $75 million in 2016, $85 million in 2017, $90 million in 2018.
The first loan on renewable energy in the amount of $40 million was built into the business plan for 2018. The share of government’s involvement in this project is $13 million.
ADB was founded in 1966 and has 67 members. The bank`s headquarters is located in Manila, the capital of the Philippines. Azerbaijan became ADB member on December 22, 1999. The country`s share in the bank`s capital is 0.5 percent.
ADB`s leading shareholders are Japan and the United States (31.2 percent of the total share capital), India and China (12.8 percent), Australia, South Korea and Canada (16 percent).
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