EBRD to support auctions on renewable energy in Azerbaijan

The European Bank for Reconstruction and Development (the “EBRD”) plans to engage a consultant to support the Ministry of Energy in Azerbaijan to develop and implement a competitive scheme for the award of future support to renewable energy generators.

Report informs citing EBRD that this process should allow the Azerbaijani authorities to discover the genuine market price for certain RE renewable energy technologies in Azerbaijan.

The selected Consultant is expected to provide the following services:

- Finalise the selection of a site for developing a wind power project from a short-list, based on technical, environmental and financial feasibility.

- Develop a detailed design for a competitive bidding process for supporting renewable energy, accounting for current arrangements, renewable energy targets and the market context.

- Prepare, up to the final version, all the tender related documentation required for the deployment of a competitive procurement scheme for a solar PV project and a wind power project.

- Provide detailed technical, financial and legal assistance to the relevant authorities for the implementation of the competitive procurement scheme for a renewable power project.

The Assignment is expected to start in May 2019 and has an estimated overall duration of 24 months.