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Azerbaijan can apply Japan’s energy efficiency experience

27 January 2016 16:07 (UTC+04:00)
Azerbaijan can apply Japan’s energy efficiency experience

By Aynur Karimova

Azerbaijan is keen on applying energy efficiency experience of leading countries in its own energy system.

In this regard, the country has expressed readiness to cooperate with Japanese companies and apply their experience in the energy efficiency field.

This was stated by Deputy Energy Minister Natig Abbasov at a meeting with Seiichi Nobuhara, the President of Japanese consulting firm IBT in Baku on January 26.

Nobuhara said he arrived in Baku on the initiative of the Ministry of Economy, Trade and Industry of Japan with an aim to discuss issues of cooperation between the two countries in the field of energy and infrastructure

The company's president also noted that IBT implements important projects of state bodies, as well as makes recommendations on the use of energy resources, ICT, infrastructure development, investment making and on other issues.

Abbasov, in turn, hailed the high level of cooperation between Azerbaijan and Japan. He said currently, one of the priorities of the Azerbaijani government is to achieve energy efficiency through decreasing losses in production and sale of energy resources.

"Energy efficiency is related to the rehabilitation and reconstruction of the old power distribution network, which will increase the reliability of electricity supply and reduce losses in the network. It is necessary to cooperate with Japanese companies in this direction and apply their experiences," the deputy minister added.

Azerbaijan and Japan enjoy fruitful cooperation in various fields and their mutual relations are developing both in the political, economic and cultural fields.

After the establishment of the diplomatic relations in 1992, Japan was one of the first countries to support Azerbaijan's forward-looking oil strategy.

Today Itochu and Impex - the two major Japanese companies - are involved in the Contract of the Century.

Also, Mitsubishi, Mitsui, Marubeni, and Sojits - the leaders of the Japanese business - are involved in the energy and infrastructure projects in the country.

Azerbaijan is keen on further deepening cooperation with Japan in the field of high technology, particularly in the field of manufacture of innovative production, with their further entering the regional markets.

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Aynur Karimova is AzerNews’ staff journalist, follow her on Twitter: @Aynur_Karimova

Follow us on Twitter @AzerNewsAz

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