The Asian Development Bank (ADB) will consider financing the expansion of the Southern Gas Corridor (SGC) if requested by the Azerbaijani government, ADB Director-General Yevgeniy Zhukov told Report.
“We know the government’s plan to expand the corridor. In terms of financial needs, we have not been approached so far by the government. If we are, then we will look at this proposal in light of the new energy policy that ADB approved late last year, which mandates that our efforts should be focused on the development of renewable energy in the Asia Pacific,” he said.
Zhukov reminded that six or seven years ago, the bank provided financial support to Azerbaijan for the construction of the SGC.
Thus, earlier the bank allocated half a billion dollars for this project.
Full interview is available here