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Montenegro eyes to attract investments from Azerbaijan in its renewable energy sector - official

Economy Materials 3 February 2023 11:09 (UTC +04:00)
Montenegro eyes to attract investments from Azerbaijan in its renewable energy sector - official
Nazrin Babayeva
Nazrin Babayeva
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BAKU, Azerbaijan, February 3. Montenegro is open to investments from Azerbaijan in the development of the country's green energy, Ervin Ibrahimović, Vice Prime Minister and Minister of Capital Investments of Montenegro, told Trend.

Ibrahimović emphasized that, to date, Montenegro already has been having effective cooperation with investors from Azerbaijan.

"Considering Montenegro’s potential in wind, solar, as well as hydro power, we are working on the development of the renewable energy industry in our country, and we are very open to foreign investments, especially from Azerbaijani investors, because we had a great experience with investors from our country," he added.

The minister also pointed out that not only productive partnership, but also friendly relations have been established between Azerbaijan and Montenegro.

"We are happy to have Azerbaijan for our friends, and we certainly consider all the support that we can get from our friends, and one of those is also gas which would insure Montenegro’s energy independence and sustainability," Ibrahimovic concluded.

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