Azernews.Az

By Amina Nazarli

Energy-rich Azerbaijan continues to improve its export sector and seeks to increase the volume of its electricity supply.

The Azerbaijan-Georgia-Turkey energy bridge opens great prospects for Azerbaijan in terms of the export of the country's electricity.

Azerbaijani Energy Minister Natig Aliyev said the amount of electricity transmission via the Azerbaijan-Georgia-Turkey energy bridge may reach 700 million megawatts.

“The work on the creation of the Azerbaijan-Georgia-Turkey energy bridge is underway,” noted Aliyev. “The project will allow integrating energy systems of the three countries and entering the European market in the future. The volume of electricity export within the project may reach 700 million megawatts.”

The minister added that work is being carried out to connect the energy systems of Azerbaijan, Russia and Iran, as well.

“Technical and political situation for the project’s implementation is satisfying,” he said, adding that the emergence of a new market, electricity transit and swap with other countries are among the advantages of the project.

Electricity will be exported from Russia to Azerbaijan and further to Iran via the North-South Energy Corridor, a great transport project, which is beneficial to all the countries involved.

The connecting of the three countries’ energy systems will create an opportunity to expand export and import operations. Azerbaijan will strengthen its positions as an exporter and transit country.

A memorandum of understanding on electricity swap was signed between Iran and Azerbaijan in December 2015.

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Amina Nazarli is AzerNews’ staff journalist, follow her on Twitter: @amina_nazarli

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