Azerbaijan’s President calls on local and foreign investors regarding the liberated territories

“Moreover, as I mentioned, 240 megawatts Acwa Power then together with Iran construction of 280 megawatts power plants in Khudafarin and “Giz galasi” water reservoirs is envisaged,” said Azerbaijani President Ilham Aliyev in his interview with Azertag, APA reports.

The head of state said that half of that power will reach Azerbaijan, which will be an additional 140 megawatts: ““AzerEnergy” has its own 50-megawatt wind farm. Then four hydropower plants were reconstructed on the liberated lands on the Lev River last year – “Gulabird”, “Sugovushan-1”, “Sugovushan-2” and “Kalbajar”. The construction of five hydropower plants on the liberated lands is expected to be completed this year. There will also be stations with a capacity of about 25-30 megawatts. It will also be possible to build about 30 hydropower plants destroyed by Armenians in the liberated lands. I would like to take this opportunity to invite local and foreign investors to this field. Because the state will do this, we are already doing this. But it would be good if private companies also invested in this area. Of course, we have tremendous potential in the Kalbajar-Lachin zone and other liberated lands. I have cited these figures: there is a proven energy potential of more than 9,000 megawatts, including solar and wind farms. Our greatest capacity is in the Caspian Sea, and it is no coincidence that the world’s leading energy companies are now paying great attention to the Caspian Sea. We have already begun to receive proposals. The capacity of the Caspian Sea for renewable energy production is more than 150,000 megawatts. Therefore, we must plan all this work properly..”

Source: Azeri-Press News Agency