Bp Presents Decarbonization Master Plan For Azerbaijan
Date
5/27/2022 8:10:52 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, May 27. bp has presented a decarbonization
master plan for Azerbaijan to the Ministry of energy in support of
the country's energy transition, Trend reports with reference to the
company.
Reportedly, the paper includes an in-depth assessment of
proposals and recommendations for decarbonization and describes
Azerbaijan's renewables potential and low carbon opportunities
including pathfinder renewable energy projects, as well as projects
and opportunities that can be assisted by bp. Based on the
strategic rationale for decarbonization, the paper presents the
feasible outcomes of this process for Azerbaijan out to 2050.
This follows the signing of a Memorandum of Understanding (MOU)
by the Ministry and bp in February 2021 on cooperation in assessing
the potential and conditions required for large-scale decarbonized
and integrated energy and mobility systems, including renewable
energy projects in the regions and cities of Azerbaijan.
Since then bp and the Ministry of Energy, as well as various
government institutions have been closely cooperating to prepare
the Master Plan. The paper presented today is based on wide-ranging
discussions of various decarbonization opportunities for the
country.
bp and the Ministry of Energy will continue to work closely
together towards realization of Azerbaijan's low carbon energy
development vision and the country's overall sustainability
goals.
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