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.