Azerbaijan's Energy System Capacity Exceeds 8,400 MW
With the commissioning of new power plants, Azerbaijan's energy system capacity has reached 8,415.6 MW, marking a 4% increase compared to 2023, Energy Minister Parviz Shahbazov mentioned in an article published on October 18 in the official press.
Currently, the country's electricity system includes 22 thermal power plants (TPPs) with a total capacity of 6,623 MW, 58 hydropower plants (HPPs) with a capacity of 1,406.6 MW, 9 solar power plants with a capacity of 278.1 MW, and 5 wind power plants with a capacity of 63.7 MW. Additionally, since 2012, there has been a waste-to-energy plant with a capacity of 37 MW and 3 hybrid power stations with a total capacity of 7.3 MW.
The capacity of power plants utilizing renewable energy sources, including HPPs, is 1,792.6 MW, accounting for approximately 21.3% of the total production capacity. Shahbazov noted that over the first nine months of the current year, Azerbaijan generated 21.8 billion kWh of electricity, which is 247.7 million kWh higher than the same period in 2023. During this time, Azerbaijan exported over 1.2 billion kWh of electricity, including 898.7 million kWh to Georgia, 176.4 million kWh to Türkiye, 137.4 million kWh to Russia, and 27.9 million kWh to Iran. Electricity imports during this period totaled 139.4 million kWh.
Energy
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The hydropower plants of Karabakh and Eastern Zangezur, which possess high hydroenergy potential, are the main source of "clean energy" in the region, Energy Minister Parviz Shahbazov stated this in an article published in the newspaper "Azerbaijan." According to the minister, the energy needs of these two regions are met 100% through "green energy," with excess production directed to other regions of Azerbaijan.
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In the first half of this year, the average price of a barrel of Azerbaijani oil “Azeri Light” was $86.5, the “Medium-Term Budget of the Republic of Azerbaijan for 2025-2028,” released by the Ministry of Finance. According to the document, this is by 44.2% higher than the price of $60 used in the initial budget parameters for 2024 (which were revised in June, raising the average export price of “Azeri Light” to $75 per barrel).
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By 2027, Azerbaijan plans to implement projects for the construction of eight solar and wind power plants, with a total cost of $2.8 billion, funded by foreign and local investments, Energy Minister Parviz Shahbazov stated in an article published in the official press. "The plans to build and connect to the grid eight large-scale solar and wind power plants, totaling around 2 GW, with investments of about $2.8 billion, demonstrate Azerbaijan's rapid progress towards 'green energy,' marking an irreversible process," the minister wrote.
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Azerbaijan, Kazakhstan, and Uzbekistan will sign an intergovernmental agreement on strategic partnership in the development and transfer of green energy at COP29, Energy Minister Parviz Shahbazov wrote in his article published in the official press. He emphasized that Azerbaijan is a crucial part of the new energy corridor initiative starting in Central Asia.
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