SOCAR president meets with CEO of ACWA Power

Rovshan Najaf, President of the State Oil Company of the Republic of Azerbaijan (SOCAR), met with Marco Arcelli, CEO of ACWA Power, a Saudi Arabian company, Report informs, citing SOCAR.

At the meeting, the successful activity of ACWA Power in Azerbaijan was noted with satisfaction. In this regard, it was emphasized that the construction of the 240 MW Khizi-Absheron Wind Power Plant in Azerbaijan was launched by the company last year and that this project will make a valuable contribution to the green energy strategy and sustainable energy security of the country. It was stated that the company's investment in renewable energy in Azerbaijan is another manifestation of the favorable investment environment created in the country.

The parties also exchanged detailed views on the possibilities of cooperation in energy transition, decarbonization and other issues of mutual interest.