Alternative energy sphere in Azerbaijan needs AZN 7 bln-capital investment

 Alternative energy sphere in Azerbaijan needs AZN 7 bln-capital investment
# 23 January 2013 10:26 (UTC +04:00)

Baku. Victoria Dementieva – APA-Economics. Capacity of alternative and energy sources in Azerbaijan will reach 2,000 MVt by 2020 and this will make 20% of total production, said the Head of Investment and Reconstruction of Industrial Buildings Department, of the Ministry of Industry and Energy and INOGATE’s country coordinator Ramiz Rzayev.

According to him, this index needs AZN 7 bln-capital investment: “Today, the aim of alternative and renewable energy sources in Azerbaijan is to create normative-legal base and involvement investments in this sphere. Initial steps were already taken, as well as Gobustan Alternative energy Polygon was created”.

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