BAKU, Azerbaijan, Oct. 20. bp's Shafag solar power plant in Azerbaijan’s Jabrail district is expected to be put into operation in 2024, the country’s energy minister Parviz Shahbazov said in his article published in the Respublika newspaper, Trend reports October 20.
“Currently, negotiations are underway with bp on the construction of the Shafag solar power plant with a capacity of 240 MW. It is expected that engineering, design and financial issues will be resolved before the end of this year. Construction of the plant will begin in 2023, with the commissioning is expected in 2024. As part of this project, it is planned to introduce a business model involving virtual transmission of electricity. This model is a mechanism for the production and consumption of electricity, which will be beneficial to all parties, and at the same time will contribute to decarbonization. In other words, the “green energy” produced in Karabakh will be transported to Absheron, which will save natural gas used to generate electricity in Sangachal,” the article says.
The minister noted that the development of renewable energy in Azerbaijan through foreign investment has already become a reality.
---
Follow the author on Twitter: @Lyaman_Zeyn