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AZERENERJI INITIATES RECONSIDERATION OF CONTRACTS BETWEEN AZERI GOV’T, ENERGY DISTRIBUTING COMPANIES

Politics Materials 7 July 2005 10:46 (UTC +04:00)
AZERENERJI INITIATES RECONSIDERATION OF CONTRACTS BETWEEN AZERI GOV’T, ENERGY DISTRIBUTING COMPANIES

Three is necessity for reconsideration of investment agreements concluded with between the Azerbaijani government and companies Barmek and Bayva, Etibar Pirverdiyev, the President of Azerenerji Joint Stock Company (JSC) told journalists on Thursday.

According to Pirverdiyev, Azerenerji made a relevant appeal to Azerbaijani Prime Minister Artur Rasizada. В"It was linked with incorrect management over energy distributing networks,” he remarked. The energy distribution network under disposal of the company should be given to Azerenerji.

He also voiced his disagreement with the low payments to by Barmek and Bayva. In particular, in June Barmek remitted only 30% of energy purchased from Azerenerji, while there is no problem with Bayva in this respect.

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