A new type of cement plant for Garadagh Cement has been launched today in the Garadagh district with the participation of Azerbaijani President Ilham Aliyev.
The plant will work on the technology of a dry method of cement production. This technology allows the saving of fuel and minimizing the impact on the environment; 300 million euro was invested into upgrading the company.
The main shareholders of the Garadagh Cement are Holsim ltd. - 66%, EBRD - 10% of "Azerbaijan Investment Company" - 10% Holsim auslandbeteiligungs - 3,61%, In addition, minority shareholders are about 800 citizens of Azerbaijan. The open JSC Gadaragh Cement was privatized in 1999.-6D-
Economics
-
The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
-
Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
-
Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
-
The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
Leave a review