(MENAFN- Trend News Agency) BAKU, Azerbaijan, February 2. Minister of
Economy of the Republic of Azerbaijan Mikayil Jabbarov has met with
Chairman of ACWA Power (Saudi Arabia) Mohammad Abunayyan, the
ministry told trend .
Jabbarov stressed that Azerbaijan-Saudi Arabia economic ties are
developing, and business relations are expanding. He noted that
increasing energy efficiency, as well as the renewable energy
development, are among the priorities of Azerbaijan against the
backdrop of modern challenges. In this regard, the start of
construction of the 240 MW Khizi-Absheron Wind Power Plant by the
company in Azerbaijan in 2022, a new page has opened in the
development of energy projects.
The sides discussed the incentives applied to green energy
projects, as well as a seawater desalination project.
ACWA Power, one of the leading energy companies in Saudi Arabia,
was founded in 2004. The company is engaged in renewable energy
generation and water desalination projects.
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