The European Bank for Reconstruction and Development (EBRD) will provide Azerbaijan with a loan of $30 million for the purchase of autotransformer equipment to perform reinforcement work at existing substations. According to the EBRD, the loan borrower will be the Ministry of Finance of Azerbaijan, Azerenergy OJSC - the organization implementing the project.
In March 2023, the Department of Ecology of the Atyrau region identified ten violations of environmental legislation within the framework of the Kashagan project.
The operator of the North Caspian Operating Company (NCOC) consortium, among other things, imputed the storage of sulfur at the field in an amount that is twice as high as allowed. The total amount of environmental fines amounted to 5.1 billion dollars, or 2.3 trillion tenge.
Turkestan region is the leader in Kazakhstan in terms of the capacity of renewable energy sources, Vice Minister of Energy Alibek Zhamauov said at a meeting with residents of the region. According to him, there are 21 renewable energy facilities in the region with a total capacity of 278 MW, including 8 solar power plants with a capacity of 16 MW and 13 condensing power plants with a capacity of 262 MW.
The American IT giant “Apple” has canceled a project to create an electric car known as “Project Titan,” Bloomberg writes. The company has already informed its employees about its decision. Approximately 2,000 people were involved in the project.