SOCAR will own 51 percent of the joint venture, while 49 percent will belong to Uniper.
In addition, the sides have signed a preliminary project agreement on the construction of a steam turbine generator unit.
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SOCAR, Uniper to build steam turbine
25 May 2016
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The State Oil Company of Azerbaijan (SOCAR) and German Uniper energy company will create a joint venture for a steam turbine generator unit production.
Head of SOCAR Rovnag Abdullayev and President of Uniper Klaus Schäfer signed the corresponding agreement in Baku May 25 to establish SOCAR-Uniper joint venture.
SOCAR will own 51 percent of the joint venture, while 49 percent will belong to Uniper.
In addition, the sides have signed a preliminary project agreement on the construction of a steam turbine generator unit.
Story developing
SOCAR will own 51 percent of the joint venture, while 49 percent will belong to Uniper.
In addition, the sides have signed a preliminary project agreement on the construction of a steam turbine generator unit.
Story developing
