Minister: Bulgaria to play important role in export of green energy from Azerbaijan

Bulgaria will play an important role in the project to export green energy from Azerbaijan to Europe, Bulgarian Energy Minister Vladimir Malinov said at the 6th meeting of the intergovernmental commission on economic cooperation between Azerbaijan and Bulgaria in Baku, Report informs.

"Another area with significant potential for cooperation concerns the development of renewable energy sources," he said.

"With great pleasure, I would like to inform you that last week the Council of Ministers of the Republic of Bulgaria approved the participation of the country through “Bulgarian Energy Holding” EAD and/or companies from the holding's group in the Joint Venture for the implementation of the “Green Energy Corridor” project," he noted.

"Bulgaria will play an essential role in the project through its developed electricity transmission system, high capacity interconnections with neighbouring countries, developed electricity market, possibility for investments in RES, infrastructures and projects, as well as the growing demand for green energy.

There are a number of areas of mutual interest for Bulgaria and Azerbaijan. I am confident that the 6th meeting of the intergovernmental commission will provide an additional incentive for the implementation of joint initiatives," he added.