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200 million cu m of gas to be saved due to this project

07.01.2021,17:17


January 7, Fineko/abc.az. President Ilham Aliyev chaired a video format meeting held on 6 January and dedicated to the results of 2020.

ABC.AZ reports that at the meeting Energy Minister Parviz Shahbazov stressed that the wind farm project, based on foreign investments, will ensure saving 200 million cu m of gas a year.

He noted that four new draft laws have been prepared as part of improving the legislative framework.

"Work is underway over a draft long-term strategy on the development of the energy sector. Contracts have already been signed with Saudi company ACWA Power for the construction of a 240 MW wind farm to meet the target of bringing the share of renewable energy in the total generation up to 30%. This project, based on foreign investments, will ensure saving 200 million cu m of gas a year," the minister said.