# Azərişıq signs $240 million in contracts under ADB loan for power distribution

Azərişıq signed contracts worth $240 million under the first tranche of a $750 million ADB loan for the Power Distribution Enhancement Investment Program. The Dalimammadli substation, energized in July 2017, was part of this program.

- Type: Contract
- Announced: 2017-11-16
- Where: Dalimammadli City, Azerbaijan
- Value: $240.0M
- Status: completed
- Products: electricity distribution substation
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Azərişıq](https://endata.com/companies/28211.md)
- [Asian Development Bank](https://endata.com/companies/28212.md) (investor)

## Sources

- [report.az](https://report.az/en/finance/azerisiq-signs-contracts-total-worth-of-240-million-under-adb-loan), 2017-11-16: "Under this tranche contracts for $ 240 million were signed, and $ 123 million (51%) of the required funds was paid."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.