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Price of electricity from Masdar and AcwaPower becomes known

05.05.2021,16:46


May 5, Fineko/abc.az. Masdar (UAE) and AcwaPower (Saudi Arabia) have agreed with the Azerbaijani government on the sale price of electricity they will produce on the territory of Azerbaijan.

ABC.AZ reports that the prices are close to the wholesale prices for electricity in Azerbaijan (6 gapiks).

According to the source, each kilowatt of electricity generated by AcwaPower from the wind power plant will be sold for 5.5 qapiks and each kilowatt of electricity generated by Masdar from the solar power plant will be sold to Azerbaijan for 5.7 qapiks.

The prices agreed with both companies also include VAT.

The capacity of the solar power plant to be built by Masdar will be 230 MW, and the wind power plant to be constructed by AcwaPower - 240 MW.

On 30 April of this year President Ilham Aliyev approved the agreement with AcwaPower. The wind power plant will be located in Pirakishkul settlement of Khizi district and Absheron district, and the solar power plant will be located in the territory of Gobustan.