President Aliyev: First Advisory Council on green energy must address conceptual issues

POLITICS  03 February 2023 - 14:57

Azerbaijani President Ilham Aliyev has said that the first Advisory Council on green energy must address conceptual issues.

He made the remarks at the 9th Southern Gas Corridor Advisory Council Ministerial Meeting and the 1st Green Energy Advisory Council Ministerial meeting held in Baku on February 3, Azertag reports.

“Today, we are, of course, looking forward to having the first Advisory Council on green energy. The team is relatively small. We have four countries, but with the potential to grow. Because we think that not only the governments but also the companies will be interested in participation in this important initiative,” he said. 

“At the first Advisory Council, of course, the conceptual issues must be addressed. How we will form our activity? What will be the responsibility of each country? How private companies can be involved? Whether it will be a consortium of companies or each country will do its part of work on its sovereign territory?” the head of state noted.

“So, these are all issues to be addressed and agreed. Because it’s not only to produce the renewable sources of energy from Azerbaijani offshore and onshore fields and also to build a new transmission line to our border with Georgia but also to build a cable under the Black Sea, the head of state noted,” President Ilham Aliyev added.

Aliyev thanked the governments of countries, which are partners of the Southern Gas Corridor.

“I’d like to take this opportunity to express gratitude to the governments of countries, which are our partners - Türkiye, Georgia, Greece, Bulgaria, Albania, Italy, our new partners Romania, Moldova, and Hungary,” the president said.

“Special gratitude to European Commission for continued support and great leadership. Also, I’d like to express many thanks to the governments of the United States and the United Kingdom for the continuous support of our initiative and providing a strong framework for broad cooperation, including investment opportunities and financing,” the Azerbaijani president mentioned.

He noted that all the leading financial institutions cooperate with Azerbaijan. He expressed the hope for fruitful cooperation with Azerbaijan in the areas of renewables.

“The companies, which are involved in this process, especially SOCAR and BP, two leading companies, which have already a strategic relationship for 30 years, and at least 30 years to come, and leading financial institutions whose representatives are present today - World Bank, EBRD, ADB, AIB, Asia Infrastructure Investment Bank, IFC,” he said.

Caliber.Az