Mutually beneficial cooperation between Uzbekistan and Afghanistan in electricity supply plays an important role in the development of bilateral relations. Uzbekistan and Afghanistan plan to have signed a 10-year contract for the electricity supply on “take-or-pay” terms by the end of October. A take-or-pay contract is a rule structuring negotiations between companies and their suppliers.…
Construction of a 50 MW solar power station has started in Sozak region of Turkestan region with support of Kazakh Invest National Company JSC. The region’s biggest solar plant is expected to generate 114 million kW annually, Kazakh Invest reports. Foreign investor, Risen Energy, participates in the implementation of the project worth $60 million. Construction…
Azerbaijan, which is an important supplier of natural gas in the Caspian Sea region, particularly to European markets, keeps increasing its gas exports. In the period from January to May Azerbaijan exported 4.9 billion cubic meters of gas, up 1.8-fold YoY, according to the Azerbaijani State Customs Committee. In monetary terms, the export volume amounted…
Ukraine has every opportunity to get energy independence in five years, Prime Minister of Ukraine Volodymyr Groysman has said. “If all of us work in unison, in five years we will be able to abandon purchasing gas,” he declared. The prime minister stressed that for many years Ukraine had been preserving its capabilities and gas…
Electricity consumption grows annually by 10-15%, the Head of the National Energy Holding Aitmamat Nazarov announced at a meeting of the Parliament. According to him, it is necessary to attract investments to the industry, to build new stations, otherwise the country will face an electricity shortage. “In recent years, four new private mini hydropower plants…
Azerbaijan can use Montenegro’s experience in alternative energy sector; the development of this area is attractive for the country, Azerbaijani Minister of Labor and Social Protection of the Population Sahil Babayev said at the Azerbaijan-Montenegro business forum held in Baku. The minister noted that currently there was a noticeable activity in this sector between the…
Natural gas reserves at the Ukrainian underground storage facilities (USFs) after the completion of the heating season (April 5) increased by 48.5%, to 13.002 billion cubic meters. That’s according to the data provided by Ukrtransgaz, the state-owned operator of the gas transmission system of Ukraine. As of June 22, gas reserves at USFs are 21%…