26/08/2009 (Agence Europe) - Power company Azerenerji Joint Stock Company and Stichting Carbon Purchase Intermediary, a special purpose vehicle created to acquire carbon credits for the participants in the Multilateral Carbon Credit Fund (MCCF), have signed an emission reduction purchase agreement for the sale and purchase of certified emission reductions to be generated by the rehabilitation of the Azerbaijan Thermal Power Plant in Mingäçevir, in north-western Azerbaijan. The MCCF, launched by the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD), fully subscribed, with €190 million in commitments, is one of the few carbon funds dedicated specifically to countries in the Caucasus, Central and Eastern Europe, and Central Asia. (O.L./transl.rt)