Azerbaijani President Signed an Order on Some Issues Due to Providing Activity of BakiElektrikShabaka and SumgayitElektrikShabaka JSCs
Azerbaijan's President Ilham Aliyev has signed an order on some issues due to providing the activity of the Joint Stock Companies BakiElektrikShabaka (Baku Electric Power Distributing Network) and SumgayitElektrikShabaka(Sumgayit Elevtric Power Distributing Network today, Trend reports.
The document points out that that as results of the analyses conducted, it has become clear that due to insufficient investing, the condition of the equipment and infrastructure of the-above mentioned have significantly worsened that caused problems in the uninterrupted electric power supplying consumers in the country. In this connection, the Economic development Miunistry has been given 15 mln AZN from State Budget 2006 to increase the authorized capital stock of the two above-mentioned joint enterprises. The Ministry has been commissioned to distribute means among the two enterprises.