Azerbaijan to invest AZN 40 mln to alternative energy

Tue 16 March 2010 15:16 GMT | 20:16 Local Time

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The Azerbaijani government has today made an annual report in the parliament about the results of socioeconomic development.

Azerbaijan's Premier Artur Rasizade said within the framework of the report that it is expected to invest AZN 40 mln into the development of the alternative and resumed energy sources in 2010.

Investments can be made by the line of the Azerbaijan Investment Company that is ready to partake in such projects and the State Oil Fund of Azerbaijan. At the same time the country is a pure exporter of energy sources and electric power.

Fineko/abc.az

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