Azerbaijan signs 9 memorandums with partners in RES development (Exclusive)
Tashkent, Uzbekistan, Sept. 27
By Fakhri Vakilov -Trend:
The main task in the field of energy in Azerbaijan is the development of renewable energy sources (RES), Deputy Minister of Energy of Azerbaijan Samir Veliyev told Trend in an interview within the framework of the First Dialogue of Energy Ministers of the Central Asian Regional Economic Cooperation (CAREC) Member Countries and the Central Asian Energy Investment Forum 2019 in Tashkent.
“We work in three directions,” he said.
According to him, the first is the creation of a legislative framework. The second direction is addressing organizational issues such as determining the territory where these projects will be implemented, studying infrastructure and other conditions.
“The third direction is work with potential investors. We have already signed nine memorandums on the RES projects with our partners, one of which is British Petroleum (BP),” the deputy minister said.
According to Veliyev, contractors for implementation of these projects will be selected through tenders.
"However, some of our partners have provided us with proposals before adopting a legislative framework and conducting tenders. It is planned to start the implementation of projects on these proposals on the basis of a bilateral contract, that is, without an auction. BP has submitted its proposal and the negotiations are currently underway,”he said.
The deputy minister added that the share of renewable energy in Azerbaijan comprises 17 percent and it is planned to increase it to 30 percent by 2030.
The First Dialogue of Energy Ministers of the Central Asian Regional Economic Cooperation (CAREC) Member Countries and the Central Asian Energy Investment Forum 2019 are held in the capital of Uzbekistan (Tashkent) September 20-21.
The dialogue is organized by the Government of Uzbekistan jointly with the Asian Development Bank under the auspices of CAREC, partnerships from 11 countries and development partners working together to promote development through cooperation.
CAREC Program was created on the initiative of the Asian Development Bank in 2001.
The CAREC Program is a partnership of a number of countries and development partners working together to advance development through cooperation leading to accelerated economic growth and shared prosperity. Member countries include Azerbaijan, Afghanistan, Georgia, Kazakhstan, Kyrgyzstan, Mongolia, Pakistan, China, Tajikistan, Turkmenistan, Uzbekistan, and Mongolia.
Follow author on Twitter:@vakilovfaxri