Azerbaijan, Baku, Nov. 5 /Trend A.Akhundov/
Renewable energy development in Azerbaijan provides great opportunities for the private sector, government and international organisations, WB acting country manager for Azerbaijan Saida Bagirli, told Trend on Monday.
The Government of Azerbaijan and the World Bank have begun a dialogue aimed at developing the country's renewable energy resources.
"We have just begun to consider this area. There are no specific developments, so it is too early to speak about it yet. We need to spend time on quite serious consultations," Bagirli said.
"We have just begun to consider this area. Talking about specific developments is very early. We need to spend quite serious consultations," said Bagirli.
It creates quite a wide opportunity for all stakeholders, the private sector, government and international organisations. It all depends on how quickly it is possible to make an analysis, identify specific ways Bagirli said.
The parties will come to a concrete decision on the matter by the end of the year, the government told Trend.
Azerbaijan is developing a strategy for the use of alternative and renewable energy sources in 2012-2020. Management of this strategy will enable the country to reach a 20 per cent threshold share of alternative energy by 2020 in the total energy consumption.
This indicator amounted to 10 per cent in 2011 (9.8 per cent - hydropower, 0.2 per cent - other types of alternative energy sources).
According to the plan, the share of alternative energy sources in the total energy consumption will be increased to 9.7 per cent by 2020. Azerbaijan is an oil and gas country and electricity producer. The country produces about 50 million tons of oil, 27 billion cubic meters of gas and more than 18 billion kilowatt / hours of electricity. All this requires the use of new technologies in order to reduce and prevent emissions from the mining, fuel combustion and gas industries.
