Azerbaijan’s SOCAR and UAE’s IntelliGrid sign a $480M Agreement to Implement a Smart Gas Grid Management System
Summary
The project, set as a 13-year partnership, represents a significant investment of USD 480M to transform Azerbaijans energy infrastructure while incorporating advanced Artificial Intelligence technologies.Mr Rovshan Najaf, President of SOCAR, and Mr Bipin Chandra, Board Director of IntelliGrid and Group CEO of Esyasoft Holding, signed the agreement. Mr Mikayil Jabbarov, Minister of Economy Azerbaijan and Chairman of the Supervisory Board of SOCAR, and Mr Ajay Hans Raj Bhatia, CEO of Digital Transformation, International Holding Company (ADX: IHC), the global diversified Abu Dhabi-based conglomerate, witnessed the signing ceremony. We are excited to bring our expertise to this long-term collaboration and contribute to Azerbaijans energy transition goals.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 IntelliGrids AI capabilities to bring data analytics, predictive maintenance, and real-time monitoring to Azerbaijans gas distribution network, optimising gas consumption, reducing losses, and enhancing overall operations, added Mr Abdul Karim Sawan, CEO of IntelliGrid.Smart distribution systems equipped with advanced metering enable precise consumption tracking, leak detection, and optimised gas flow, leading to improved energy usage and lower emissions. Aligned with the COP28 goal to double energy efficiency by 2030, this initiative marks a significant step toward achieving this global target.