BAKU, Azerbaijan, June 10. SOCAR-Uniper LLC is finalizing the first project to improve and enhance energy efficiency, Michael Hilmer, VP at Uniper, told Trend.
He reminded that SOCAR-Uniper LLC is a joint venture that was formed in 2016.
"The main objective is to carry out joint projects around "energy efficiency". Currently, the joint venture is finalizing the first project to improve and enhance the efficiency of the Steam and Power Generator Complex located at Azerkimya PU in Sumgayit," he said.
According to Hilmer, the facility currently provides steam and electricity to the ethylene production unit.
"After adding a new steam turbine and upgrading the existing units, which will result in 52 MW of extra electrical production capacity and a significant increase in energy efficiency. The team is currently putting great effort into commissioning the project," the VP explained.
Meanwhile, this joint venture was established to develop energy projects in Azerbaijan and other countries in the Caspian region. The main focus of SOCAR-Uniper LLC is on developing energy infrastructure, such as power plants and natural gas pipelines, in Azerbaijan and neighboring countries. The joint venture is also involved in the trading and marketing of natural gas and other energy products.
One of the key projects undertaken by SOCAR-Uniper LLC is the construction of a new natural gas power plant in Azerbaijan's capital city of Baku. The plant, which is expected to have a capacity of 65 MW, will help to meet the growing demand for electricity in the country and reduce its dependence on imported energy.