Bank Of Baku

Minister: “In the near term, Azerbaijan will totally provide its energy demand with alternative sources”

Minister: “In the near term, Azerbaijan will totally provide its energy demand with alternative sources”
# 08 July 2011 07:29 (UTC +04:00)
Baku. Vahab Rzayev - APA-Economics. Azerbaijan will totally provide its electric supply and consumption with alternative energy sources in future, Azerbaijan’s Ecology and Natural Resources Minister Huseyngulu Bagirov said.

To him, alternative energy production is a capital-intensive industry from investment standpoint: “Only on initiative and in accordance with concept of Azerbaijani President it will be possible to implement these projects in a short time by paying expenses in time. First of all, the concept considers effective use because of high need for traditional energy sources in the world”.
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