Bank Of Baku

Azerbaijan accelerates works on preparation of strategy on use of alternative energy

Azerbaijan accelerates works on preparation of strategy on use of alternative energy
# 01 February 2012 07:55 (UTC +04:00)
Baku. Ali Ahmadov – APA-Economics. The Cabinet Ministers of Azerbaijan has issued an order on the preparation of the State Strategy on the Use of Alternative & Renewable Energy Sources for 2012-20.

Under the Order, the State Agency for Alternative & Renewable Energy (SAARE) under the Ministry of Industry & Energy jointly with other central and local executive power bodies, local and international companies are to prepare and submit Draft State Strategy for 6-month period. The Presidential Reserve Fund of the State Budget 2011 allocated AZN 1 million for the Agency for preparation of the SAARE National Strategy. The Ministry of Finance will undertake financing procedure.
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THE OPERATION IS BEING PERFORMED