“Azerbaijan occupies a unique and necessary position within the world power sector” –

Azerbaijan occupies a unique and necessary position within the world power sector.

Publika.az experiences that Economic system Minister Mikayil Jabbarov stated this at an tournament arranged throughout the framework of COP29.

“I’m proud to mention that we’re taking steps to transition from the standard financial system in keeping with the oil and fuel sector to some other financial system,” he stated.

M. Jabbarov emphasised that Azerbaijan has centered extra on sustainable construction and effort transition prior to now 5 years: “We have already got initial effects. Azerbaijan has the most important renewable power crops within the South Caucasus. Two days in the past, on the stage of heads of state, “the governments of Azerbaijan, Kazakhstan and Uzbekistan “Settlement at the construction and transmission of inexperienced power” used to be signed. We believe this undertaking to be crucial undertaking that connects the power programs of the 3 international locations. The undertaking comes to the laying of an electrical cable below the Caspian Sea.

As well as, in step with him, Azerbaijan is a member of the consortium that incorporates Georgia, Romania, Bulgaria and Hungary, the development of an underwater electrical cable within the Black Sea is deliberate.