13-Year Partnership aims to Leverage AI-Powered Solutions in Transforming Azerbaijan’s Energy Infrastructure
COP29, Baku, Azerbaijan – November 11, 2024—During the opening of 29th UN Climate Change Conference (UNFCCC COP 29), IntelliGrid, a joint venture between Esyasoft Holding and Presight AI, officially signed an agreement with SOCAR, a fully state-owned national oil and gas company headquartered in Baku, Azerbaijan, to implement a state-of-the-art Smart Gas Grid Management System across the entire AzeriGas service area in Azerbaijan. The project, set as a 13-year partnership, represents a significant investment of USD 480M to transform Azerbaijan’s 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. This underscores the UAE’s strong commitment to fostering international collaborations and promoting sustainable solutions globally.
Mr Rovshan Najaf, President of SOCAR, stated, “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.”
Mr Bipin Chandra, Board Director of IntelliGrid and Group CEO of Esyasoft Holding highlighted the significance of the partnership: “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.”
“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,” 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.
