Azerbaijan will build a 100kW floating solar power plant on Boyukshor Lake near Baku, the country’s energy ministry has announced.
Gamma Solutions has been selected via a tender for the engineering, procurement and construction required for the facility, plus two years of operation and maintenance, it added.
The procurement was carried out by the EGO-NIXUS consultancy.
The energy ministry said the project would be implemented within the framework of the regional project “Development of Floating Solar Energy Systems”, which covers Azerbaijan, Kyrgyzstan and Afghanistan and is run under the Knowledge and Support Technical Assistance Program of the Asian Development Bank (ADB).
Related Articles
Azerbaijan tightens banking operations on foreign financial sources
Azerbaijan has implemented new restrictions on banking operations involving foreign financial sources, with amendments signed by President Ilham Aliyev targeting unregistered foreign financial ... more
SOCAR to supply Syria with gas
Syria’s nascent transitional government has secured a crucial energy agreement with Azerbaijan, a move aimed at alleviating the country’s crippling power shortages and marking a significant step ... more
IMF says Azerbaijan’s banking sector stronger but systemic vulnerabilities persist
The International Monetary Fund (IMF) has concluded that Azerbaijan’s financial system has made considerable progress in strengthening resilience since the 2015 oil price shock and 2020 COVID-19 ... more
Most Read
-
Renewable capacity growth is faster than ever, but more acceleration needed to meet Paris 2030 goal, says IEA
1 year ago
-
Kyrgyzstan abandons attempt to rescue Russian climber trapped on icy summit of country’s highest mountain
20 days ago
-
BERTRAND: China after Communism, preparing for a post-CCP China
1 month ago
-
UKRAINE REMONT: The battle to build: signs of recovery in Ukraine's construction industry
5 months ago