Suraxanı GES/ altenergy.az
Baku/07.08.23/Turan: President Ilham Aliyev has issued a decree on August 5, ordering the liquidation of AzAlternativEnerji, a company under the State Agency for Renewable Energy Sources, which operates within the Ministry of Energy. The decree aims to involve the private sector in the utilization of renewable energy sources.
Upon completion of the liquidation process of AzAlternativEnerji and the settlement of outstanding debts with creditors in accordance with civil legislation, any remaining assets will be made available for privatization. The Ministry of Economy will determine the privatization methods, considering their specific characteristics, in line with the "Second State Program of Privatization of State Property," as approved by the Head of State in a decree dated August 10, 2000. Both local and foreign investors will be allowed to participate in the privatization.
AzAlternativEnerji was established in 2015 with an authorized capital of 51.483 million manats. The company oversees the operations of various renewable energy facilities, including the Gobustan hybrid power plant, Surakhani, Pirallahi, Sahil, and Samuh solar power plants, as well as solar energy systems installed at several social facilities.
The State Agency for Renewable Energy Sources, which was established through a decree signed by President Aliyev on September 22, 2022, is responsible for implementing state policies related to renewable energy sources (RES). This includes forecasting, attracting investments, and undertaking activities to promote the development of the renewable energy sector.
At present, Azerbaijan's energy system has a total capacity of 7,144 thousand MW, with renewable energy accounting for 17% of this capacity. In terms of actual electricity production, renewable energy sources contribute to 8.2%, considering the capacity of large hydroelectric power plants. The government aims to increase the share of renewable energy in electricity production to 30% by the year 2030.
AzAlternativEnerji has faced financial challenges over the years, accumulating losses amounting to 14 million manats in 2018. However, detailed financial information about the company's subsequent years is not publicly available.
In 2022, AzAlternativEnerji generated 10.331 million kWh of green energy
This is how it looks in alternative energy plants:
Gobustan Hybrid Power Plant: 5.5963 million. kWh
SURAKHANI GES: 1.3388 million. kWh
Piralahi GES: 0.3783 million. kWh
Coastal GES:1.6765 million. kWh
Samukh GES: 0.5967 million. kWh
Shaki KSES: 0.2033 million. kWh
Solar installation installed in the Sports Hall of Boradigah village of masalli region: 0.0734 million. kWh
Solar installation installed in Khojavand Sports Hall of Beylagan region: 0.0452 million. kWh
Solar installation installed at Sabirabad regional Asan service center: 0.008 million. kWh
Boradigah Village Sports Complex LLC: 0.0167 mln. kWh
6 schools and 6 kindergartens built for IDPs in bilasuvar region: 0.3305 million. kWh
Solar panels and heat pumps installed in social facilities in Baku City: 0.0674 million. kWh.—0—
Economics
-
As part of the COP29 climate summit, Azerbaijan’s Minister of Economy, Mikayil Jabbarov, held a key meeting with Ibrahim Al-Isri, Chief Investment Officer of the Oman Investment Authority (OIA). The discussions underscored the growing economic collaboration between Azerbaijan and the Gulf Cooperation Council (GCC) countries.
-
Sources from two negotiation teams at COP29 reported to journalists on Tuesday, November 19, that the volume of the "New Collective Quantified Goal" (NCQG) for climate financing, being discussed this week in Baku, is unlikely to exceed USD 500 billion. This limitation is attributed to the negotiation stance of the U.S. delegation in light of the shift in power following the presidential elections in the United States.
-
G20 leaders, in their final declaration at the Rio de Janeiro summit on November 19, have issued a clear directive to their negotiators at COP29 in Baku: do not leave without agreeing on an ambitious "New Collective Quantified Goal" (NCQG) for climate financing, UNFCCC Executive Secretary Simon Stiell announced Tuesday.
-
A panel discussion under the theme "Heritage Development for a Sustainable Future: Agriculture, Culture, and Adaptation to Climate Change" was held as part of the 29th session of the UN Framework Convention on Climate Change (COP29). The event, organized at the ICESCO Blue Zone pavilion, focused on integrating agricultural heritage with modern practices to address climate change, biodiversity preservation, and sustainable development.
Leave a review