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Azerbaijan's energy minister talks reforms in energy sector

Oil&Gas Materials 11 January 2020 13:42 (UTC +04:00)
Azerbaijan's energy minister talks reforms in energy sector

BAKU, Azerbaijan, Jan. 11

By Anastasia Savchenko - Trend:

Implementation of measures necessary to carry out reforms in the country's energy sector continues in Azerbaijan in accordance with the decree of the head of state, Azerbaijani Energy Minister Parviz Shahbazov told Trend.

The minister noted the "Long-term strategy for the development of the energy sector of the Republic of Azerbaijan" project is being developed together with an international consulting company.

"The president has been presented proposals on attracting private investment to this sector, encouraging the use of renewable energy sources, creating a favorable investment environment and supporting private entrepreneurship," Shahbazov said.

The energy minister noted that proposals to improve the efficiency of the heat supply system in the country were prepared in 2019 and submitted to the head of state.

"Draft laws 'On Power Industry', 'On the use of renewable energy sources in electricity generation', as well as 'On regulation in the field of energy and utilities' were developed and submitted," Shahbazov added.

According to the minister, the implementation of measures to prepare new draft laws of Azerbaijan "On energy" and "On gas supply" began in 2019.

"After the adoption of proposals and bills, the execution process and a new stage of development in the energy sector will begin," Shahbazov said.

In accordance with the order of the head of state dated May 29, 2019 "On accelerating reforms in the energy sector of the Republic of Azerbaijan", the country's Energy Ministry was instructed to take measures to promote the use of renewable energy sources, create a favorable investment climate and support the activities of private entrepreneurship, as well as draft the Azerbaijani law "On the use of renewable energy in electricity generation".

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