shutterstock.com
Czech companies continue to show interest in green energy in the liberated territories of Azerbaijan
Baku/09.08.23/Turan: A Protocol of Intent focused on collaboration within the realm of alternative energy was formalized on August 8, binding the Agency for the Development of Small and Medium-sized Businesses (KOBIA) under the Ministry of Economy and the Czech enterprise A-Z Czech Engineering. Orkhan Mammadov, Chairman of the KOBIA Board, confirmed this development, specifying that the protocol was jointly signed by him and Milan Pavlicek, the founder of the Czech company. This pact aims to synchronize stakeholders in the sector while attracting investments to foster advancements.
Czech companies have displayed significant investment interest, particularly in the considerable hydroelectric power potential situated in mountainous regions liberated from Armenian occupation, including Kelbajar and Lachin. These companies eagerly anticipate specific opportunities to engage in reconstruction efforts within Karabakh.
Reports from a Prague-based radio station reveal that the Czech government is planning to inject substantial funds, amounting to hundreds of billions of Czech crowns, into renewable energy sources in the forthcoming years. As per the pan-European strategy, the Czech Republic is striving to generate 22% of its energy requirements from solar, wind, hydro, and biogas facilities by 2030.
*Note: The exchange rate used in the paraphrase is 1 Czech crown = 0.045 US dollars.
Economics
-
Azerbaijan Railways CJSC (ADY) transported 6.267 million tons of transit cargo from January to October 2024, marking a 7% increase compared to the same period in 2023. In October alone, transit shipments reached 614,584 tons, 14% higher than in October of the previous year.
-
During the virtual conference "COP29 Action Program: Energy Initiatives and Commitments" on November 4, UNIDO (United Nations Industrial Development Organization) expert Smeeta Fokeer highlighted the importance of adopting international commitments on hydrogen and tripling renewable energy capacities by 2030 at COP29 in Baku.
-
On November 4, a virtual conference titled "COP29 Action Program: Energy Initiatives and Commitments" was held at the initiative of Azerbaijan's Ministry of Energy, the International Renewable Energy Agency (IRENA), the International Energy Agency (IEA), and specialized UN agencies—UNIDO (United Nations Industrial Development Organization) and UNECE (United Nations Economic Commission for Europe)—ahead of COP29. During the conference, Azerbaijan's Deputy Minister of Energy Orkhan Zeynalov announced three energy initiatives-declarations proposed by Azerbaijan as the COP29 chair for signing next week in Baku at the UN Climate Summit.
-
Azerbaijan's Cabinet of Ministers has issued a decision to amend various resolutions following the May 1, 2023 Presidential Decree No. 2130, which approved the charter for the Medical Territorial Units Management Association (TƏBIB). The amendments aim to implement structural changes across multiple government regulations to reflect the shift of responsibilities to TƏBIB from other healthcare entities.
Leave a review