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Czech companies interested in participating in Azerbaijan’s renewable energy sphere

Oil&Gas Materials 12 March 2021 11:47 (UTC +04:00)
Czech companies interested in participating in Azerbaijan’s renewable energy sphere

BAKU, Azerbaijan, March 12

By Leman Zeynalova – Trend:

Czech companies are interested in participating in Azerbaijan’s renewable energy sphere, the Czech Ministry of Industry and Trade told Trend.

“We see the perspective especially in the production of energy from renewable sources. Czech companies are interested in actively participating primarily in the energy use of water resources in Azerbaijan, but also in wind and solar energy. We see another promising area of cooperation in the energy sector in the field of energy efficiency, especially energy savings,” said the ministry.

The use of renewable energy sources was identified by Azerbaijani government as one of the priority areas for the development of the energy sector. Thus, the focus is on the implementation of pilot projects for the construction of a wind power plant with a capacity of 240 megawatts and a solar power plant with a capacity of 200 megawatts in accordance with agreements signed with ACWA Power and Masdar (OJSC) on January 9, 2021.

To this end, the country has established seven working groups consisting of representatives of the Ministries of Energy, Economy, Finance, Emergency Situations, Ecology and Natural Resources, Justice, as well as the Committee for Urban Planning and Architecture, the State Property Service, the State Tax Service, Central Bank, Azerenerji OJSC and Azerishig OJSC.

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