By the decree "On measures to improve governance in the field of land reclamation and water management," the country's President has given himself the power of the reorganization and abolition of the Irrigation and Water Management of Azerbaijan JSC.
According to the document, the appointment and dismissal of the Chairman of the company is not the prerogative of the Cabinet, but the President personally.
The government has the authority to approve the charter and structure of the JSC, to determine the size of its share capital and development strategy, to appoint and dismiss deputy chairmen, approve annual reports and balance sheets, income and expenses, and to distribute profits.
The powers of the State Committee on Property Issues have been defined – it has the right to authorize the creation and elimination of departments, offices and branches, and the creation, reorganization and liquidation of its subsidiaries.
Three months have been given to the Cabinet of Ministers to execute the decree. --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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