TODAY.AZ / Business

AtaHolding wants to carry out project of alternative energy sources

26 July 2006 [09:41] - TODAY.AZ
AtaHolding Group of Companies intends to carry out a project on alternative energy source.

The company monitoring council chairman Ahmet Erentok said that the company is negotiating with the US General Electric, Turkish Nur Enerji and Zorlu Enerji on the implementation of the project.

He said that the project on alternative energy source requires investment of $1.1bn and Azerbaijan enjoys very favorable wind and sun energy.

"It is necessary to adopt a law on use of alternative energy sources as the law will largely enable to use them."

Azerbaijani Industry and Energy Minister Natig Aliyev also stated sometime ago that they were negotiating with French Total Company on implementation of like project, APA reports.


Print version

Views: 2393

Connect with us. Get latest news and updates.

Recommend news to friend

  • Your name:
  • Your e-mail:
  • Friend's name:
  • Friend's e-mail: