Russia Confirms Its Participation in Next Electricity Talks

Oil&Gas Materials 25 December 2006 11:50 (UTC +04:00)

Marlen Asgarov, the Vice President of Azerenergy Joint-Stock Company, informed that Russia has confirmed its participation in the talks on tariffs and volume of the electric power to be delivered to Azerbaijan. The next round of talks will be held on 26 December, Trend reports.

By the end of the year the electricity delivery terms will be left unchanged. The previous talks with Russia focused on drop or full interruption of electricity import from Russia and increase of tariffs.

Earlier, the President of Azerenerji, Etibar Pirverdiyev, said that in 2007 Azerbaijan intends to acquire 700 mln kVt electric power from Russia. According to him, the Russian side announced that it will decrease the delivery of the electric power this year. Before, during the winter period at night, the capacity of the electric power delivery equaled nearly 300 mVt. Next year this indicator will not exceed 60 mVt. If earlier the Russian side was delivering 100 kVt electric power monthly, next year this figure will decrease to 30 kVt.

In addition, the Russian side appeared with an appeal to increase the tariff for the delivered electric power up to $0.041 per 1 kVt. Till November 30, Azerbaijan will sell 350 mln kVt electric power to Russia for $0.016 cent per 1 kVt at night time. In turn, the Russian side will deliver 1 bln kVt electric power to Azerbaijan for $0.03636 cent per 1 kVt in day time.