BARMEK AZERBAIJAN PAYS AROUND $300M TO AZERENERJI
вЂњBarmek Azerbaijan, the operator of the energy distribution networks of Baku and Sumgayit, has paid 1.4trln manats (more than $297m) to Azerenerji Joint Stock Company (JSC) for energy supply,вЂќ Trend reports quoting Husseyn Arabul, the President of Barmek Azerbaijan, as saying on Monday.
вЂњThe company remits to the company 40bn manats a month in average. In accordance with the contract we are due to pay to Azerenerji 75% of value of the energy supply in 2005.
We have paid more than target. Therefore, the claims by the JSC on non-payment for the supplied energy contradict the reality,вЂќ he said.
Barmek Azerbaijan paid to JSC 463.2bn manats ($98.5m) in 2004. The amount of the payments comprised 382bn manats ($81,2mn) in 2003, and 342bn manats ($72.7m) - in 2002.
Arabul noted that in accordance with the contract Barmek Azerbaijan holds a right to chose itself a source of purchase of electric energy. вЂњIt might be Russia or Ukraine.
We prefer Azerenerji, as it sells energy at low prices вЂ" 1.5 cent for 1KW/hours. The Russian electricity costs 2.5-3 cents. If we decide to change the source of purchase of energy, it will result in rise of energy tariffs in Azerbaijan,вЂќ he said.