British energy giant BP has announced final investment decisions for two major projects in Azerbaijan: the construction of the 240 MW Shafag solar power plant in Karabakh and the electrification of the Sangachal terminal near Baku.
In partnership with the Azerbaijani government, BP signed an agreement to build the Shafag solar power plant in the Karabakh region. The facility will have a capacity of 240 megawatts and is expected to cost approximately $200 million. Construction is scheduled to be completed by mid-2027.
The Shafag plant marks a significant milestone in Azerbaijan's renewable energy ambitions and is part of the broader efforts to develop the formerly conflict-affected Karabakh region.
In a separate development, BP and its partners also approved an investment decision to electrify the Sangachal terminal — one of the world’s largest integrated oil and gas processing terminals. The project, known as STEL (Sangachal Terminal Electrification Project), is valued at $230 million. It will be implemented and operated by BP, with construction set to begin in 2025.
The UN climate talks COP30 have been evacuated due to a fire breaking out inside the venue in Belém, Brazil....
Lithuania’s Vilnius airport was temporarily closed on Thursday after smugglers’ balloons appeared on radar, the National Crisis Management Centre ...
Ukrainian President Volodymyr Zelenskyy has agreed to work with the Trump administration on its new peace proposal for Ukraine and accepted what U.S. ...
More than 417 million children in low- and middle-income countries suffer severe deprivation in at least two areas vital to their health, development,...
Ukraine has received a draft peace plan from the United States, which Washington believes could help re-energise diplomatic efforts....
The UN climate talks COP30 have been evacuated due to a fire breaking out inside the venue in Belém, Brazil.
Lithuania’s Vilnius airport was temporarily closed on Thursday after smugglers’ balloons appeared on radar, the National Crisis Management Centre said.
Ukrainian President Volodymyr Zelenskyy has agreed to work with the Trump administration on its new peace proposal for Ukraine and accepted what U.S. officials described as an “aggressive timeline” for signing the plan.
More than 417 million children in low- and middle-income countries suffer severe deprivation in at least two areas vital to their health, development, and well-being, according to a new UNICEF report released on World Children’s Day.
Indonesian authorities evacuated more than 900 people from nearby villages and were helping 170 stranded climbers return safely after the eruption of Semeru volcano, one of the country's tallest mountains.
Iran's air force, heavily reliant on aging F-14A Tomcat jets, faces a growing technological gap as its neighbors rapidly modernize their air forces with advanced fighter jets and air defense systems.
Ukraine says it will seek almost $44 billion from Russia to cover the climate damage caused by wartime emissions, marking the first attempt by any nation to bill an aggressor for its carbon footprint during conflict.
A fresh wave of floods and landslides triggered by heavy rainfall in central Vietnam since the weekend has claimed at least eight lives, according to a government report on Wednesday. Traders have also cautioned that the extreme weather could disrupt the ongoing coffee harvest.
Japan’s tourism sector is bracing for heavy economic fallout after China warned its citizens against visiting, setting off a wave of cancellations that analysts estimate could cost the economy more than $14.23 billion a year.
The cancellation of the long-anticipated Georgia–EU Human Rights Dialogue — just days before it was set to take place — has ignited a political storm that neither side seems prepared to extinguish.
At least 25 Palestinians have been killed in four Israeli airstrikes on Wednesday in a part of Gaza under Hamas control since a shaky ceasefire took effect in October, local health authorities said.
Armenian President Vahagn Khachaturian’s official visit to Georgia is testimony to a rapidly strengthening partnership between the two neighbouring state following the initialling of the Armenia–Azerbaijan peace agreement.
The governments of Uzbekistan and Turkmenistan have launched a new visa-free border trade zone at Shavat–Dashoguz that allows mutual visa-free movement for their citizens.
At the Kazakhstan - Estonia business forum, companies from both countries signed 11 commercial agreements totalling more than $517 million.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment