Azerbaijan Nakhchivan Energy Storage Project
Our Company has signed a contract with Azerenerji CJSC, Azerbaijan's power grid operator, for the turnkey installation of a Battery Energy Storage System (BESS) with a total capacity of 40 MWh to be installed in Nakhchivan. The total contract value is USD 9,538,080.59.
Under the scope of the contract, our Company will undertake the engineering, procurement, installation and commissioning of the energy storage system, including the related grid works, as well as its integration with the existing solar power plant.
The system will contribute to the more efficient and flexible utilization of electricity generated from solar energy, enhance grid flexibility and support the further integration of renewable energy sources into the power grid.
The project is of strategic importance in further strengthening our Company's capabilities in the energy storage sector and its strong position in the Azerbaijani market.
Respectfully announced to the public and our investors.