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Barmek Azerbaijan sums up results of its 4-year work

Oil&Gas Materials 3 February 2006 17:39 (UTC +04:00)

Over 2005 Barmek Azerbaijan received 10,967,27bn KW/H energy for 918,838,23bn manats from Azerenerji JSC, or 7.02% (10,248,27KW/H energy) as compared 2004, Husseyn Arabul, the President of the Company, said at a news conference on the results of the companys 4-year work, Trend reports.

In 2004 the Company collected 655, 92bn manats for distributed energy, while in 2005 the figure comprised 739,12bn manats, or 8319bn manats more as compared previous year.

In accordance with the undersigned agreement, in 2002 Barmek Azerbaijan was due to pay 50% of the value of the received energy to Azerenerji, while in 2003 the figure was due to be equal to 55%. Nevertheless, in 2002 it was 119%, in 2003 - 95.02%, in 2004 - 96.7%. In 2005 the Company transferred 498bn manats to Azerenerji.

In 2004 the number of the subscribers made up 744,796, in 2005 - 804,781. The company invested 322,969bn manats over the last 4 years, or 26.9% more than supposed sum. In 2002 the technical losses of the Company were equal to 17. 63%, in 2003 - 16.83%, in 2004 -15.19%, in 2005 - 13.8%.

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