SOCAR to build steam turbine generator with German Uniper
By Fatma Babayeva
The State Oil Company of Azerbaijan (SOCAR) and German Uniper energy company will create a joint venture for the production of steam and energy.
Head of SOCAR Rovnag Abdullayev and President of Uniper Klaus Schäfer signed the relevant agreement on May 25 for the establishment SOCAR-Uniper Ltd. joint venture.
SOCAR will own 51 percent of the joint venture, while Uniper 49 percent.
In addition, the sides have signed a preliminary project agreement on the construction of a steam turbine generator unit.
The generator aims to increase energy efficiency of the Steam Generator Complex of Azerkimya Production Unit’s Ethylene-Polyethylene plant and produce additional energy.
In accordance with the Azerbaijani president's decree, dated April 2, 2010, "Concerning Improvements in the Petrochemical Industry's Management System", the Azerikimya State-Owned Company was transferred to SOCAR.
The Syndicate operates an ethylene-polyethylene plant, a surfactants plant, an organic synthesis plant, a machinery maintenance plant, a chemical engineering institute, a repair and construction division, a transportation and special equipment division, and a storage facility.
Upgrades will be made and involve the replacement of older facilities with state-of-the-art plants that meet international standards, according to the syndicate's long-term development plan.
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Fatma Babayeva is AzerNews’ staff journalist, follow her on Twitter: @Fatma_Babayeva
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