SOCAR partners with IntelliGrid for US$480 million smart gas grid project in Azerbaijan
Published by Isabel Stagg,
Editorial Assistant
World Pipelines,
The State Oil Company of Azerbaijan Republic (SOCAR) has entered into a 13 year partnership with IntelliGrid to implement a smart gas grid management system across the service area of Azeriqaz Production Union (PU), a subsidiary of SOCAR, according to GlobalData and a press release posted on Zawya.
The US$480 million (815.99 million manat) project aims to modernise the Azeriqaz PU (AzeriGas) service area's energy infrastructure in Azerbaijan using advanced AI technologies.
IntelliGrid, a sustainable energy solutions provider, is a joint venture between Esyasoft Holding and Presight AI.
The agreement was signed by SOCAR President Rovshan Najaf and IntelliGrid Board Director and Esyasoft Holding Group CEO Bipin Chandra.
Rovshan Najaf said: “This partnership with IntelliGrid marks a pivotal step in our journey towards a more resilient, efficient and sustainable energy sector. By leveraging the latest AI-driven technologies, we are committed to optimising our gas infrastructure and reducing emissions.
“Moreover, we are setting a new standard for energy management in the region. SOCAR’s collaboration with IntelliGrid underscores our dedication to pioneering advancements that will contribute to our climate commitments.”
Bipin Chandra said: “This agreement marks a major milestone for both IntelliGrid and SOCAR. By implementing our smart gas grid management system, we are modernising the gas distribution network and leveraging AI-driven solutions to enhance efficiency, reliability and sustainability across Azerbaijan’s energy infrastructure. We are excited to bring our expertise to this long-term collaboration and contribute to Azerbaijan’s energy transition goals.”
IntelliGrid CEO Abdul Karim Sawan said: “Sustainability is central to our mission, and this announcement represents a great landmark for IntelliGrid. It is an honour to partner with SOCAR/AzeriGas, as this partnership leverages IntelliGrid’s AI capabilities to bring data analytics, predictive maintenance and real-time monitoring to Azerbaijan’s gas distribution network, optimising gas consumption, reducing losses and enhancing overall operations."
The state-of-the-art smart gas grid management system will incorporate sophisticated metering to enhance consumption tracking, leak detection and gas flow optimisation.
These improvements are expected to lead to better energy efficiency and reduced emissions, contributing to the COP28 goal of doubling energy efficiency by 2030.
Read the article online at: https://www.worldpipelines.com/project-news/14112024/socar-partners-with-intelligrid-for-us480-million-smart-gas-grid-project-in-azerbaijan/
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