State Company for Alternative and Renewable Energy

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06 June 2012

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State Company for Alternative and Renewable Energy will be created in Azerbaijan.
State Agency for Alternative and Renewable Energy Industry and Energy Ministry was abolished and State Company for Alternative and Renewable Energy was created on its base. The State Company will identify sources of renewable energy resources, as well as perform other work associated with the development of the industry.
The reorganization and the abolition of the company was carried out the president of Azerbaijan.

The Cabinet shall determine the charter of the company for 2 months and agree it with the president, as well as resolve other issues related to decree. The Ministry of Taxes and the State Committee on Property will take steps to engage the company to the public accounting.

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