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Azerbaijan to Increase Cost of Electricity Sold to Russia in 2007

Oil&Gas Materials 9 January 2007 17:46 (UTC +04:00)

Marlen Asgarov, Azerenerji Vice-President informed on January 9 that the Azerbaijani-Russian negotiations on exchange of the electric power will be continued next week, Trend reports with reference to the Press-Service of Azerenerji.

According to him, the sides have practically agreed on the questions and intend to sign a contract for 2007, which will reflect the volumes and tariffs of the Azerbaijani and Russian electric power.

In accordance with the agreement, during rush hours, when Azerbaijan has deficits in electrical power, the Russian party will supply Azerbaijan with electricity at the capacity of 200-250 MWatt.

The cost of electricity will increase as compared to last year. No strong changes are expected in the electricity that Russia sells.

Previously, Mr. Etibar Piriverdiyev, the President of Azerenerji said that Azerbaijan was to acquire 700 mln. kWAtt/hour of electric power from Russia in 2007.

The Russian party claimed that it was to reduce the electric power supply to Azerbaijan. If earlier in the winter, the capacity of the electrical power supply was 300 РњWatt, this figure would not exceed 60 РњWatt in the next year. If the Russian party supplied Azerbaijan with 100 KWatt/hour per month, then this volume would be reduced down to 30 KWatt/hour in 2007.

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