Azerbaijan plans building modern power plant through private investments
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, April 6. It is planned to
build a new power plant in Azerbaijan's Yashma village based on
modern technologies and innovations in the next five years,
Azerbaijani Deputy energy Minister Elnur Soltanov told Trend .
According to him, it is planned to attract private investments,
both local and foreign, for the construction of this plant.
Work is underway in Azerbaijan to replace old power plants left
over from the Soviet period with new high-tech ones, he noted.
The Mingachevir power plant is one of the largest in the country
with an installed capacity of 2,400 megawatts. It is planned to
minimize its use and increase the number of plants that consume
less gas, deputy minister said.
Saved gas can either be used on the local market or sent for
export. Work in this direction is underway, the use of the
Mingachevir power plant is being minimized, the deputy minister
added.
Government of Azerbaijan will create all the necessary favorable
conditions for private investors, he emphasized.
Tags:
- Azerbaijan
- Mingachevir
- power plants
- economy
- Azerbaijani Ministry of Energy
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