Akkord Industry Construction Investment Corporation OJSC and Belgian Tractebel Engineering signed a Memorandum of Understanding on Cooperation on January 29, 2016.

The signed document envisages that the parties will cooperate as a joint venture “Akkord-Tractebel” and jointly implement projects of mutual interest both in Azerbaijan and in other countries. In the near future, one of the first projects to be implemented by the newly established JV may become a project to rehabilitate Boyukshor lake and other Absheron lakes.

Tractebel Engineering is a global engineering consultancy company with more than 125 years of expertise in energy, water and infrastructure projects. Tractebel Engineering is one of the key business units of ENGIE Energy Services, the European leader in energy-related engineering services. Headquartered in Brussels, the company has offices in more than thirty countries worldwide