BAKU, Azerbaijan, February 4
Trend:
Our “green energy” strategy is now in the final stage of not only assessment, but also planning, President of the Republic of Azerbaijan Ilham Aliyev said addressing the 8th Ministerial Meeting of the Southern Gas Corridor (SGC) Advisory Council, Trend reports.
"We largely invested in electric infrastructure, and I can say that, based on Davos World Economic Forum assessment, the accessibility to energy in Azerbaijan is with this rating we are number two in the world. So, we invested big amount of money and actually modernized almost completely our electric energy lines and created new power stations. For instance, very soon we will inaugurate a new power station in Gobu district of Baku with the capacity of almost 400 megawatts. And last month in this hall, we celebrated a groundbreaking ceremony of the first renewable source of energy project, the wind power station for 240 megawatts which will be completely financed by a foreign investor, company well-known in energy market ACWA-Power company from Saudi Arabia," Azerbaijani president said.
"Also, I would like to say that our electric energy is needed for the regional markets and probably, we can go now even further, now to Europe, because today we export electric energy to four neighboring countries - Turkiye, Russia, Georgia and Iran. The capacity is growing. So, the more renewable sources of energy we have in Azerbaijan, the more we will save gas for export. For instance, the power station, which I did mention, wind power station will save us about 200 or 300 billion cubic meters of gas, which is a good amount and can make a serious change for those countries which do not have big consumption. So, our “green energy” strategy is now in the final stage of not only assessment, but also planning," the head of state said.