Masdar Implements Several Green Energy Projects In Azerbaijan
(MENAFN- AzerNews)
Nazrin Abdul
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The Ministry of Energy hosted a pivotal meeting between
delegations led by Minister Parviz Shahbazov and Sultan Ahmed
Al-Jaber, Minister of industry and High Technologies of the UAE and
Chairman of the Board of Directors of "Masdar,"
Azernews reports.
Discussions centered on collaborative ventures in green energy
projects, both on land and at sea, in partnership with Masdar.
Additionally, the meeting addressed the involvement of state-owned
enterprises in the upstream sector of both nations, alongside
cooperation initiatives within the framework of COP29. Notably, the
construction of 1000 MW solar and wind power plants was lauded as a
joint endeavor to propel our countries towards a greener energy
transition.
Concluding the session, several agreements were signed,
including the "Addendum to the Investment Agreement" between the
Ministry of Energy and "Azerenergy" OJSC and Masdar, pertaining to
the 445 MW Bilasuvar, 315 MW Neftchala solar power plants, and the
240 MW Absheron-Garadagh wind power plant projects. These
agreements encompassed the "Energy Purchase Agreement,"
"Transmission Network Connection Agreement," and "Land Lease
Agreement."
Representing Azerbaijan, Minister Parviz Shahbazov and President
of "Azerenergy" OJSC, Baba Rzayev, joined Chief Executive Director
Muhammad Jamil Al-Ramahi from Masdar in signing the contracts,
marking a significant step forward in bilateral energy
cooperation.
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