Baku, Azerbaijan, March 1
By Anvar Mammadov – Trend:
The European Bank for Reconstruction and Development (EBRD) will provide technical assistance to further development of the Energy Regulatory Agency of Azerbaijan, EBRD Press Secretary for Eastern Europe, Caucasus and Central Asia Anton Usov told Trend.
Usov reminded that the relevant protocol on intent was signed between the Azerbaijani Energy Ministry and the EBRD in September 2017 during the visit of EBRD President Suma Chakrabarti to Baku.
"This protocol, in particular, envisages the provision of assistance to the ministry in creating an independent energy regulator. This will be consistent with the road map for reforming the state infrastructure, which was approved by President Ilham Aliyev in 2016," he noted.
Usov said that the cooperation on this issue has been successfully launched, and last week a seminar was held on energy regulation issues in Europe, which was attended by representatives of the Council of European Energy Regulators (CEER), the Netherlands, Latvia and Austria.
"The EBRD, for its part, will provide technical assistance in this issue, which will be aimed at preparing a law on the regulator in Azerbaijan, as well as on building the capacity of the Energy Regulatory Agency established by the decree of the President of Azerbaijan, dated Dec. 22, 2017," he added.
Azerbaijan has been cooperating with the EBRD since 1992.