EU allots 3m euros for Azerbaijan’s energy strategy
BAKU – The European Union has allocated 3 million euros to Azerbaijan to support the government's efforts to consolidate the national energy strategy.
The allocation, provided under the Budget Support Program, is the first tranche of an overall support of 14 million euros that will be provided to the country by the 27-member bloc, the EU representation in Azerbaijan said.
The objective is to develop a fully coherent, integrated and transparent energy strategy which will cover supply, transportation, transit and use of all energy resources. This Budget Support Program also focuses on the promotion of energy efficiency and renewable energies in Azerbaijan.
Roland Kobia, head of the EU Delegation, said the strong cooperation the EU and Azerbaijan have established in the energy sector "is at the core of our bilateral relationship" and that the Budget Support Program "is another achievement along this path".
"Our partnership in the promotion of renewable and energy efficiency is the expression of our commitment to help Azerbaijan diversify its energy resources and to mitigate the effects of climate change.
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