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Azerbaijan and the UAE mull electricity production, export cooperation

The trade turnover between the 2 countries amounted to $50.4 million in 2021

Azerbaijan and the UAE mull electricity production, export cooperation

Baku, May 12 - Neftegaz.RU. Azerbaijan and the United Arab Emirates have discussed cooperation opportunities for electricity production and export, Azernews has reported.
The discussion took place during a meeting between Azerbaijan's Energy Minister Parviz Shahbazov with the UAE's Energy and Infrastructure Minister Suhail Mohamed Al Mazrouei.

During the meeting, the parties discussed investment projects planned in Azerbaijan's renewable energy sector, as well as natural gas and energy efficiency.

They noted that the construction of the Garadagh solar power plant will contribute to the high relations between the 2 countries.
The UAE expressed further interest and support for the development of this cooperation.

The sides also touched upon the current situation in global energy markets and issues arising from cooperation within OPEC+.

Last year, Azerbaijan and the UAE signed an agreement on pilot projects in renewable energy.
Under the agreement, the building of a 230-MW solar power plant is planned.
On March 15, Baku's Gulustan Palace saw a groundbreaking ceremony for the 230 MW Garadagh solar power plant.

The plant is designed to produce 500 million kWh of electricity per year and supply it to approximately 110,000 households.
Furthermore, the plant will reduce gas consumption by 110 million m3 and environmental emissions by 200,000 tons.
Over 500,000 solar panels are expected to be installed.

The solar power plant is scheduled to be put into operation by the end of the 1st half of 2023.

Source : Neftegaz.RU


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