Cooperation agreement signed between” Azerbaijan Industrial Bank " OJSC and EMTA
” Azerbaijan Industrial Bank " OJSC and Energy Regulatory Agency (EMTA) signed a cooperation agreement on the provision of preferential loans at the expense of the Energy Efficiency Fund through the authorized credit organization.
The contract was signed by a member of the Board of” Azerbaijan Industrial Bank " OJSC, chief administrator for sales and marketing Anar Mammadov and deputy chairman of the board of EMTA Rovshan Ismayilov.
Anar Mammadov said that banks have gained new opportunities in the implementation of projects in this direction by allocating preferential loans to projects related to energy efficiency at the expense of the fund. He expressed confidence that mutual cooperation within the framework of the signed agreement will be effective.
Rovshan Ismayilov brought to the attention the importance of cooperation agreements signed with banks to promote the implementation of energy efficiency measures at the expense of the fund. He spoke about the importance of projects to be implemented as a result of providing soft loans through banks at the expense of the fund.
It should be noted that the Energy Efficiency Fund was established by the decree of the president of the Republic of Azerbaijan Ilham Aliyev dated March 1, 2024. The management of the fund's funds is carried out by the Energy Regulatory Agency (EMTA). EMTA was established with the status of a public legal entity under the Ministry of energy by the decree of the president of the Republic of Azerbaijan dated December 22, 2017.
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