Baku: President Ilham Aliyev has signed a decree on subsidizing the fee for connecting industrial and agricultural construction facilities to the electricity grid, APA reports. The new decree outlines the "Rules for Subsidizing the Fee for Connecting Industrial and Agricultural Construction Facilities to the Electricity Grid," which have been approved to facilitate economic growth in these sectors.

According to Azeri-Press News agency, the decree specifies that a subsidy covering 50 percent of the connection fee, as established by the Tariff (Price) Council of the Republic of Azerbaijan, will be provided from the state budget. This financial support is intended for industrial and agricultural facilities that connect to the electricity grid following the decree's enforcement.

The Cabinet of Ministers of the Republic of Azerbaijan is tasked with ensuring that the required funds for the subsidy are included in the draft state budgets for the years 2027-2030. Additionally, the Cabinet will address other related matters arising from the decree.

The Ministry of Economy of the Republic of Azerbaijan is responsible for implementing the subsidization process according to the approved rules. It will also undertake the necessary actions to manage any other issues that arise from this decree. The decree is set to be effective from January 1, 2027, and will remain in effect until December 31, 2030.