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President Ilham Aliyev signed a Decree on the establishment of the Energy Efficiency Fund and the regulation of a number of issues arising from it.
According to the decree, the Energy efficiency fund is created and the "Regulation on the formation and use of funds of the energy efficiency fund" is approved. It is determined that the Fund is created for the purpose of stimulating and promoting energy efficiency and efficient use of energy resources, and the manager of its funds is the Ministry of Energy of the Republic of Azerbaijan as the Energy Regulatory Agency. In addition, the Ministry of Energy exercises general control over the formation and management of the Fund's funds.