(MENAFN- Trend News Agency) LACHIN, Azerbaijan, June 1. Azerbaijan's Lachindistrict has held a ceremony for the foundation laying of a smallhydroelectric power plant, T rend reports from the event's site.
The foundation-laying ceremony for the Malibay smallhydroelectric power plant took place as part of the project tooperate five small hydroelectric power plants in Azerbaijan'sKalbajar and Lachin districts.
Among the attendees were Deputy Minister of Economy AnarAkhundov, Special Representative of the President of Azerbaijan inLachin district Masim Mammadov, Executive Director of AzerbaijanInvestment Company OJSC Ulvi Mansurov, Chairman of the Board ofDemiroren Yatırım Holding Yıldırım Demiroren, Head of Arges EnerjiTeam LLC Mehmet Fehmi Ozata, and representatives from specializedunits of the Ministry of Economy.
It was highlighted that, under the guidance of President IlhamAliyev, the liberated territories are undergoing successfultransformation into alternative and eco-friendly energy zones. Amodern power supply system is being established to enhance regionalinfrastructure. Hydropower plants play a vital role in supplyinggreen electricity, capitalizing on the abundant hydropowerpotential of rivers in the liberated areas, thereby boostingproject efficiency. Collaboration with private investors is crucialin this endeavor.
The project to rehabilitate and operate small hydroelectricpower plants (HPPs) in Kalbajar and Lachin was underscored as yetanother testament to the Azerbaijani-Turkish brotherhood. Thismarks the first joint HPP project with private sector involvementin the liberated territories.
The commissioning of the Malibay station, the foundation ofwhich was laid within the first phase of the project, will provideelectricity to about 7,000 homes.
To note, last December, Azerbaijan Investment Company OJSC,Demiroren Yatırım Holding, and Arges Enerji Team (Türkiye) signed aJoint Participation Agreement, according to which five small HPPswill be put into operation on the Hakari and Tartar rivers.
The total budget allocated for the project amounts to 25 millionmanat or $14.7 million. In its entirety, the project aims tocommission five stations with a combined capacity of 13.8 MW by theyear 2025. These stations are expected to have a service life of 30years, and the project implementation will generate 25 newemployment opportunities.
The project's first phase involves constructing the Malibay HPPon the Zabukh river in Lachin district, with a capacity of 5.1 MW the subsequent stage, the Galacha 2 HPP (3.4 MW), Minkend HPP(1.8 MW), and Galacha 1 HPP (1.1 MW) are planned for construction third phase includes the construction of the Tartar 1 (2.4 MW)small HPP on the Tartar river in Kalbajar district.
MENAFN01062024000187011040ID1108283845
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.