TODAY.AZ / Business

Azerbaijan, Russia reach electricity deal

16 January 2007 [17:07] - TODAY.AZ
On Tuesday, Azerbaijan's Azerenergy and Russia's RAO UES signed an electricity deal in Baku after coming agreement on the amount and price of electricity imports for 2007.

Azerenergy Vice-President Marlen Asgarov told the APA that the parties come to agreement to continue electricity exchange.

As per the agreement, Azerbaijan will import 200 to 250 megawatts of electricity (some 1bn kilowatt a year) in peak consumption hours at a final price of 3.636 cents per kilowatt, close to 3.6 cents in 2006.

Azerbaijan also raised the price of electricity being sent to Russia at nights to 1.8 cents from 1.58 per kilowatt.

The fixed prices cover only the first quarter in the one-year contract.

Azerbaijan imported 0.7bn kilowatts of Russian electricity in 2006.


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