The Cabinet has ordered the allocation of compensation for a total of 115,000 manat for damage to owners of uninsured six apartments on the street Suleiman Taghizadeh, 59 in Baku, as a result of the fire that happened on March 9. The apartment owners seven months after the incident received from AZN 5,000 to AZN 35,000 from the Executive Power of Baku City Yasamal District.
The disposal of the government was justified by the requests for aid received from the affected citizens in Yasamal District.
The money was allocated from the reserve fund of the state budget for 2012. The paper is justified by the rules on the use of the fund. The fourth paragraph of the rules states that the funds are allocated from the Reserve Fund for reasonable offers.
Since December 2011, in Azerbaijan, the law "On compulsory insurance" has been acting, according to which apartments are subject to compulsory insurance. Therefore, the current government's decision can be regarded as humane. --08D-
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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