Bank Of Baku

Parallel alternative energy system to be established in Azerbaijan

Parallel alternative energy system to be established in Azerbaijan
# 16 February 2011 15:00 (UTC +04:00)
According to him, these stepts include the increase of Agency’s potential and conncessions for this sphere: “The project of presidet’s relevant order on this issue has already been developed. It is expected to be signed, recently”.

Besides, a special polygon wil be constructed for installation of alternative energy producing plants and getting of energy from them. Both plants and system on distrubuting, delivering to consumers and using of energy will be installed here: “This system will operate along with Azerbaijan’s energy network”.

AZN 25 mln of AZN 40 mln has been spent to it while the Agencyb was established. The organization will operate with AZN 15 mln means.

Malikov offered EU to support this project and organize the productin of renewable energy plants in Azerbaijan.
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