Business news from Ukraine

Business news from Ukraine

Ukrainian energy company seeks to join Karabakh’s reconstruction

16 November , 2023  

Today Azerbaijan presents an example of a balanced approach to the restoration and reintegration of returned territories.

The realization of the free economic zone “Karabakh” has been launched in completely destroyed Karabakh. The new enterprises that will actively appear in this region are aimed at producing products that will ensure energy independence and full functioning of the region.

This experience becomes certainly useful for Ukraine, which is already preparing for the reconstruction of the destroyed territories after their return.

“Our company is considering the possibility of creating a Ukrainian-Polish-Azerbaijani consortium for the production of inverters, exciters of process control systems and recorders. This consortium will be based on the developments of Ukrainian and Polish engineers and is aimed at meeting the demand not only in the eastern region, but also in the world. The equipment manufactured according to the developments of the specialists of “TWERD Energo-Plus Sp. z o.o.”, a member of the consortium “ENERGO-Plus”, successfully works in the projects realized by our Baku partners in the Baku Metro, providing a reliable ventilation control system. This becomes strategically important in the context of the current situation in Ukraine, where reliable ventilation of the subway is of great importance due to the presence of a large number of people during air alarms”, – said the director of ENERGO-PLUS Eugene Korff.

The Ukrainian enterprise seeks to adopt the experience of reintegration of de-occupied territories and together with Azerbaijan contribute to the development of sustainable economic and social systems.

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