(MENAFN- AzerNews)
Qabil Ashirov read more Azerbaijan plays an especially important role in Europe's energy
security, Azernews reports citing, the chairman of the Natural
Resources, energy and Ecology Committee of the Milli Majlis, Sadiq
Gurbanov telling at the meeting of the Natural Resources, Energy
and Ecology Committee of the Milli Majlis held on February 21.
“Today we deliver our oil and gas to Europe. In such a moment in
the world - in a time when war is going on one side, hunger,
poverty, and even food shortage on the other side, energy is the
main source of all the products. The President of Azerbaijan Ilham
Aliyev has exceptional services to the world in bringing this
energy to Europe. Through TANAP and TAP, our energy resources are
delivered to European countries,” he added.
Noting that Europe is interested in energy exchange with
Azerbaijan, he touched on renewable energy and pointed out the
agreement on a strategic partnership in the field of green energy
signed with Azerbaijan, Georgia, Romania, and Hungary in December
2022.
“We have already announced our potential in new types of energy,
contracts have been signed with 4 countries. New Azerbaijan will
shine with its energy type and will make another contribution to
the energy security of the world,” he said.
The chairman of the committee gave information about the bill
'On Electric Power' that was included in the agenda of the meeting
(first reading) and added that this is an important document
related to the legal regulation of the work carried out in this
field in the country.
Later, Samir Valiyev, Deputy Energy Minister made a speech and
noted that the draft law discussed today creates a legal basis for
taking important steps towards the implementation of reforms in the
energy system.
“The electric energy model formed in the first years of
independence has ensured the increase of production capacity in
accordance with competition, the development of the transmission
and distribution network system, the solution of the problems faced
by consumers, and its availability. But fulfilling the task of
transforming the electric power system that meets modern challenges
requires changing the current model,” he added.
He said that the existing model does not fully stimulate the
efficient use of resources.
“The production system does not provide a favorable environment
for private investments. Thus, most of the production and
transmission network functions are concentrated in one
organization, where there is a conflict of interest. For this
reason, private investors demand guarantees from the state to
protect themselves from risks,” he added.
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