Changes have been made to the decree “On further measures within the subject of various and renewable power” dated February 1, 2013, ensuing within the abolition of “Azalternativenergy” LLC, which was subordinate to the State Agency on Alternative and Renewable Energy Sources underneath the Ministry of Energy of Azerbaijan, and the engagement of the non-public sector within the sphere of using renewable power sources.
In this regard, President of the Republic of Azerbaijan Ilham Aliyev has signed a brand new decree.
According to the decree, following the civil laws necessities, after settling the accounts with collectors through the
liquidation course of, the remaining belongings of “Azalternativenergy” can be declared open for privatization.
Foreign buyers can be allowed to take part in privatization together with native buyers. The “Azalternativenergy” LLC, established by Decree No. 810 of the President of the Republic of Azerbaijan dated February 1, 2013, ensured the administration and operation of the photo voltaic power methods put in in quite a few social amenities, together with the Surakhani, Pirallahi, Sahil, Samukh, and Gobustan hydropower vegetation.
The firm carried out work on the exploration, improvement, power manufacturing, transportation, and distribution of renewable power sources within the subject of utilizing renewable power sources, together with the design, manufacturing, development, operation, and infrastructure provision of kit, installations, and amenities for power buy.
https://www.businesslend.com/news/azerbaijan-abolishing-azalternativenergy-llc-following-presidential-decree/