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Azerbaijani Ministry of Economy’s Sumgayit water production initiative nears completion

March 11, 2024
in Europe
Reading Time: 2 mins read
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BAKU, Azerbaijan, March 11. The Ministry of
Financial system of Azerbaijan goals to finalize a public-private partnership
(PPP) this 12 months for a pilot mission in Sumgayit, specializing in the
desalination of seawater at a specialised set up to supply
consuming water, Development studies, referring to the ministry.

“Bettering the usage of water sources, growing the
availability of consuming water to the inhabitants, and incorporating
modern know-how on this space are important for Azerbaijan’s
socioeconomic improvement.

The Ministry of Financial system has organized a Working Group made up of
officers from key ministries and consultants to hold out the top
of state’s directive to launch a pilot mission for desalinating sea
water to supply consuming water. This group efficiently accomplished
step one of aggressive choice for the implementation of
this significant mission, demanding world experience within the technical,
monetary, and authorized realms,” the press launch mentioned.

The primary spherical of the competitors, which started on February 8 of
this 12 months, targeted on acquiring traders for the design,
building, financing, and operation of a facility devoted to
producing consuming water by saltwater desalination below a
public-private partnership framework.

This stage concerned eight companies, with 5 picked after a
qualification evaluation. The Ministry of Financial system has since
provided this chosen group with a set of phrases and circumstances for
the following spherical of competitors.

“Within the subsequent section, firms are required to develop and
submit proposals by July 1, 2024, following which the Working Group
will assess these submissions for the implementation of the pilot
mission. Following the analysis of mission proposals, the
competitors winner will likely be introduced, and a public-private
partnership settlement will likely be formalized with the chosen entity,”
the ministry mentioned.

The proposals from bidders ought to contemplate elements similar to water
high quality, infrastructure situation, and ecological
issues.

“The projected water desalination facility in Sumgayit is
designed to have an annual manufacturing capability of 100 million cubic
meters,” the report mentioned.

The Ministry of Financial system emphasised that, contemplating the
necessities of the inhabitants and the economic system, together with the
outcomes of the nation’s water forecasts, the demand for consuming
water is anticipated to rise within the upcoming years.

“A number of international locations worldwide are enterprise tasks to supply
consuming water by the desalination of seawater. Elements such
as world warming, inefficient water useful resource utilization, and
rising droughts globally have pushed the intensive adoption of
desalination crops for consuming water manufacturing. Many international locations
are executing these tasks by a public-private partnership
mannequin, a pattern notably prevalent in Center Jap international locations
like Saudi Arabia, the UAE, and Israel. Azerbaijan is contemplating
world experiences on this regard,” the press launch says.

Keep up-to-date with extra information at Development Information Company’s
WhatsApp channel

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Tags: analyticsAzerbaijan's newsAzerbaijaniBreaking Newsbusiness newsCaspian newsCentral Asiacompany newscompletionEconomyeconomysfinancial newsGeorgia's newsinitiativeIran's newsKazakhstan's newsMinistryNearsoil and gas newspoliticsProductionSumgayitthe Caspian Seathe CIS newsTurkey's newsTurkmenistan's newsUzbekistan's newswaterWorld News
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