Masdar To Continue To Play Key Role In Dev't Of Renewables In Azerbaijan - Director
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, June 5. Masdar, a company
based in the United Arab Emirates (UAE), will continue to play a
key role in the development of renewable energy sources in
Azerbaijan to strengthen its strategic partnership in the region,
Director of Development and investment for Masdar in Asia and
Africa Abdullah Zayed said, Trend reports.
He made the remark during today's panel discussions themed
"Unlocking Sustainable Energy: Green Energy Potential in the
Caspian Region" within the 29th Baku Energy Forum in
Azerbaijan.
"Having extensive experience in the field of renewable energy
sources, the company is actively working not only in Azerbaijan but
also in Uzbekistan, as well as in other countries in the region. In
this context, it is necessary to note the significance of the 230
MW Garadagh solar power plant project, highlighting its
contribution to the country's energy sector. As you know, yesterday
we signed another agreement, but Azerbaijan's potential in the
field of renewable energy sources is much greater,” the company's
representative pointed out.
To note, President of the Republic of Azerbaijan Ilham Aliyev
and Minister of Industry and Advanced Technologies of the United
Arab Emirates Sultan Ahmed Al Jaber laid the foundations for the
Neftchala and Bilasuvar solar power plants and the
Absheron-Garadagh wind power plant on June 4 at the opening
ceremony of the 29th International Caspian Oil and Gas Exhibition
and the 12th Caspian International Power and Green Energy
Exhibition, known as Caspian Power, during the Baku Energy Week at
Baku Expo Center.
Agreements on the mentioned three renewable energy projects were
signed with Masdar, including an "addition to the investment
agreement" between the Ministry of Energy of Azerbaijan and
AzerEnergy OJSC and Masdar on the Bilasuvar solar power plant, the
Neftchala solar power plant, and the Absheron-Garadagh wind power
plant.
The Garadagh wind power plant project itself, the energy
purchase and sale agreement, the agreement“On connection to the
power transmission network,” and the“Land lease agreement” were
also approved.
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