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We have very big plans in the energy sector. Two hydroelectric power plants with a capacity of 280 megawatts are planned to be built here, President Ilham Aliyev stated in his speech at the ceremony of commissioning the Khudaferin hydroelectric complex and the opening of the Giz Galasi hydroelectric complex built on the Araz River. The Head of State noted that the equal sharing of energy capacities will also bring additional benefits to both countries – Azerbaijan and Iran.
"I must inform you that the liberated Karabakh and Eastern Zangezur regions, as well as the Nakhchivan region, have been declared green energy zones in Azerbaijan. These regions make up about 25 percent of our territory,” Ilham Aliyev said.
According to him, the creation of "green energy" sources in these regions will benefit the entire region. Over the past three years, hydroelectric power plants with a total capacity of 270 MW have been built on the lands liberated from occupation.
“We have a specific program to increase the production capacity of these plants to 500 MW, and it will be resolved in the next two to three years,” the President of Azerbaijan stressed.
At the same time, Ilham Aliyev noted that, given the completion of the modernization of power transmission lines between Iran and Azerbaijan, “the ongoing electric power projects will benefit both our countries and other interested countries.”
Energy
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In 2023, Azerbaijan produced 4 million 369.8 thousand tons of fuel (automotive gasoline, diesel fuel, and aviation kerosene), whereas last year the total volume amounted to only 3 million 906.9 thousand tons. Over the past year, fuel production in the country decreased by 462.9 thousand tons, or by 10.6%.
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According to preliminary data, in the past year, Azerbaijan's gross domestic product (GDP) amounted to 126.3 billion manats (approximately $74.3 billion at the current exchange rate), a 4.1% increase compared to 2023, the monthly report by the State Statistical Committee of the Republic of Azerbaijan.
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In 2024, the total volume of oil and condensate production in Azerbaijan amounted to 29 million 63 thousand tons, the monthly report by the State Statistical Committee of the Republic of Azerbaijan.
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The Trans Adriatic Pipeline (TAP AG) consortium has developed a roadmap for preparing to transport hydrogen, according to TAP AG. “TAP’s goal is to develop infrastructure for hydrogen transportation. We have defined a roadmap for preparing for the medium- and long-term transportation of natural gas and hydrogen blends, as well as renewable gases. A preliminary study in 2021 confirmed the potential of TAP for transporting hydrogen mixtures in the future. Currently, we are conducting pipeline material tests at an international laboratory. The results of the first tests were received in the fourth quarter of 2024 and are now under evaluation. The next round of tests has already begun, and results are expected in 2025,” said the consortium.
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