For the financial stability of JSC Azerishyg its authorized capital has been increased to 885.63 million manats. The decision of the Cabinet of Ministers of Azerbaijan Republic, providing for the capital increase from 623.53 million (+ 42%), also relates to increasing the total number of shares from 311,766,766 to 442,816,766. The cost of the nominal value of each security is not changed - approximately AZN 2 (1.999988).
Providing the solutions is entrusted to the State Committee for Property Affairs of Azerbaijan, State Committee for Securities, the Ministry of Taxes and Azerishyg.
Recall, by the head of state decree on February 10, 2015 JSC Bakyelektrikshebeke was renamed to JSC Azerishyg, according to which the powers of Azerenergy in terms of power supply to consumers were transferred to it. --17D-
Economics
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Azerbaijani state power company Azerenerji, SOCAR Trading, and Italy's Ansaldo Energia have signed a trilateral agreement on carbon credits, Azerenerji announced on Friday.
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The SOCAR-UNIPER joint venture inaugurated a 65 MW steam generator unit at the "Ethylene-Polyethylene" plant on Friday as part of activities held during COP 29. The project, aimed at boosting energy efficiency, is a significant milestone for the joint efforts of SOCAR and UNIPER in Azerbaijan’s chemical industry.
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French energy giant TotalEnergies is considering participation in solar and wind power projects in the Nakhchivan Autonomous Republic of Azerbaijan, a move discussed during talks in Baku on November 15 between TotalEnergies CEO Patrick Pouyanné and Azerbaijani government officials.
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Azerbaijan's Ministry of Energy, China Energy Overseas Investment Co. Ltd., and SOCAR Green LLC have signed an agreement to implement a 160 MW solar power project in the Fizuli district, Economy Minister Mikayil Jabbarov announced on social media on Wednesday.
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