Mikayil Jabbarov: “We encourage the participation of state companies as investors in our energy balance”

Mikayil Jabbarov: “We encourage the participation of state companies as investors in our energy balance”

Azerbaijan was one of the first countries to take institutional steps in the field of “Green Energy”.

“Report” reports that this was said by Economy Minister Mikayil Jabbarov.

According to him, when the special specialized state agency created in this field by President Ilham Aliyev was created, there were not many countries that thought about the real implementation of alternative energy in our region.

“It is this that allows us that today, when alternative energy turns from a trend into concrete projects, we are ready for it from an institutional point of view as a state.

Previously, funds were invested in this field by the state, these approaches, this framework were created, and ways of integrating it with traditional energy were investigated. Therefore, today when foreign investors come to us – “Masdar”, “Aqua Power”, BP or other energy companies operating in Azerbaijan, we do not talk with them theoretically, we talk with our justified practice. There is a level of application in this field, and for this reason, we see a rapid increase in the number of projects,” the minister noted.

M. Jabbarov believes that the role of the Ministry of Energy in this area is great, very great and positive things are being done:

“One of the important decisions we made this year is that we should not limit ourselves to foreign investors in this field, our state companies will be SOCAR first, and Azerenerji if appropriate decisions are made at the next stage, that is, we will already have our own national internal expertise and the participation of state companies in our energy balance as investors. , may be in private companies tomorrow, we support and encourage”.

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