Azerbaijan Abolishing Azalternativenergy Llc Following Presidential Decree
(MENAFN- Trend News Agency) BAKU, Azerbaijan, August 5. Changes have been
made to the decree "On additional measures in the field of
alternative and renewable energy" dated February 1, 2013, resulting
in the abolition of "Azalternativenergy" LLC, which was subordinate
to the State Agency on Alternative and Renewable energy Sources
under the Ministry of Energy of Azerbaijan, and the engagement of
the private sector in the sphere of utilizing renewable energy
sources, trend reports.
In this regard, President of the Republic of Azerbaijan Ilham
Aliyev has signed a new decree.
According to the decree, following the civil legislation
requirements, after settling the accounts with creditors during the
liquidation process, the remaining assets of "Azalternativenergy"
will be declared open for privatization.
The Ministry of Economy, following the "II State Program on the
Privatization of State Property," approved by the decree of the
head of state on August 10, 2000, will make decisions on the
methods of privatization, taking into account the specifics.
Foreign investors will be allowed to participate in
privatization along with local investors.
The "Azalternativenergy" LLC, established by Decree No. 810 of
the President of the Republic of Azerbaijan dated February 1, 2013,
ensured the management and operation of the solar energy systems
installed in a number of social facilities, including the
Surakhani, Pirallahi, Sahil, Samukh, and Gobustan hydropower
plants.
The company carried out work on the exploration, development,
energy production, transportation, and distribution of renewable
energy sources in the field of using renewable energy sources,
including the design, production, construction, operation, and
infrastructure provision of equipment, installations, and
facilities for energy purchase.
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