Tetra Tech presents PLEXOS and TIMES models for energy market analysis in Baku

BAKU, Azerbaijan, May 14. The topic related to
Azerbaijan’s actions to reduce greenhouse gas emissions by 2050 was
the focus of a May 14 meeting between experts from the Ministry of
Energy, the Tetra Tech international consulting company and the
European Bank for Reconstruction and Development (EBRD), Trend reports with reference
to a message from the Ministry of Energy of Azerbaijan.

“Tetra Tech presented PLEXOS (the world’s most powerful energy
market modeling and analysis system) and TIMES (Technical and
Economic Approaches to Energy Modeling) models as part of technical
assistance to Azerbaijan on low-carbon solutions in the electricity
sector. This was part of her obligations to implement the
corresponding project for Azerbaijan,” the ministry noted.

The meeting was also attended by representatives of the
Ministries of Economy, Ecology and Natural Resources, Azerenergy
OJSC and the Energy Regulatory Agency.