Baku, Azerbaijan, April 10. Chairman of the
Board of Azerbaijan Energy Regulatory Agency (AERA), Samir
Akhundov, hosted a delegation led by the World Bank’s (WB) Practice
Manager Stephanie Gil on April 9, Trend reports.
The meeting focused on consultations regarding support areas
proposed by the World Bank, and also touched upon the activities of
the Energy Efficiency Fund (EEF).
The Azerbaijan Energy Regulatory Agency (AERA) was founded by
Presidential Decree No. 1750 on December 22, 2017. AERA was
established from the State Energy Control Department and the State
Gas Control Department, functioning as a public legal organization
under the Ministry of Energy. The agency initiated its activities
in April 2018 and is organized to encompass its board, in addition
to departments, divisions, sectors, and branches that constitute
the agency’s staff. AERA regulates, including governmental
oversight, firms involved in the delivery of electricity, heat, and
gas, and supervises consumer issues.
AERA collaborates with the World Bank under the “Expansion of
Electricity Production from Renewable Energy Sources Project in
Azerbaijan” (AZURE) framework.
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