EBRD Supporting Azerbaijan With Assessment Of Hydrogen Production Potential
(MENAFN- Trend News Agency) BAKU, Azerbaijan, January 2. The European Bank
for Reconstruction and Development (EBRD) is preparing a market
study report on Low Carbon Hydrogen Economy in Azerbaijan, Kamola
Makhmudova, head of EBRD in Azerbaijan, said in an exclusive
interview with trend .
'The market study report on Low Carbon Hydrogen Economy in
Azerbaijan is currently being prepared and we are expecting that
this report will be finalised in the upcoming months,' she
said.
Makhmudova noted that as part of the cooperation between EBRD
and Azerbaijani authorities on hydrogen, EBRD is supporting the
Azerbaijani authorities with the review and the assessment of the
potential of hydrogen production in Azerbaijan.
Azerbaijan jointed the EBRD on 25 September 1992. In Azerbaijan
the EBRD focuses on:
Helping diversify Azerbaijan's economy by supporting the
development of the private sector in non-oil sectors and
strengthening governance of private and state-owned companies.
Further expanding access to finance for local businesses by
encouraging lending by banks and non-bank financial institutions as
well as by helping develop local currency and capital markets.
Supporting to the country's green economy, including financing for
renewable energy sources, increased energy efficiency and cleaner
transport and sustainable infrastructure.
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