President Ilham Aliyev and Chairman of the Board of Türkiye’s Demiroren Holding Yıldırım Demirören pressed the button signaling the opening of the plant, AZERTAC reported.
Under the leadership of the head of state, large-scale measures are put in place to realize the green energy potential in the liberated territories. In this regard, the project for the restoration, construction, and long-term operation of small hydroelectric power plants in Kalbajar and Lachin is of particular significance. The installed capacity of the Minkend Small Hydroelectric Power Plant included in this project is 3.2 MW, with an expected annual electricity generation of 11.8 million kWh. The station was built using Austrian and Italian technologies.
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The project for the restoration, construction, and long-term operation of small hydroelectric power plants in Kalbajar and Lachin is being implemented as part of the 1st State Program on the Great Return and on the basis of public-private partnership principles. The project, with a total value of 53.2 million manats, includes the Minkend, Galaja-1, Galaja-2, Malibay, and Tartar-1 small hydroelectric power plants. The commissioning of the other stations is planned by the end of 2026. Their operational lifespan is 30 years. The total installed capacity under the project is 12.9 MW, and the expected annual electricity generation is 44.1 million kWh. Incentives and exemptions provided for the territories liberated from occupation have been applied to the project, while a concessional loan has also been provided by the Azerbaijan Business Development Fund under the Ministry of Economy.
Demiroren Holding and the Azerbaijan Business Development Fund hold equity stakes in Green Garabagh Energy LLC, which is involved in the project.
Source: AZERTAC
