Azerbaijan, Baku / corr. Trend S.Aliyev / The Vice President of Azerenergy joint-stock company, Marlen Askerov, said on 27 March that the tariffs for the electricity delivery from Russia to Azerbaijan may be extended until the end of 2007.
Until the end of this month, Azerenergy intends to hold negotiations with Russian colleagues regarding the tariff for the electricity delivery to Azerbaijan. In addition, Azerbaijan intends to raise the topic of lowering the tariff for electricity imported to Azerbaijan. According to Askerov, prices for electricity exported from Azerbaijan to Russia are intended to remain unchanged. The Agreement for electricity delivery has been envisaged for total year of 2007.
However, the tariffs have been adopted for only the first quarter of the year. In the first quarter of 2007, Azerbaijan imported Russian electricity at the same price as in 2006 - 3.636 cents per 1 KW/h. The cost of Azerbaijani electricity for Russia has been increased from 1.58 cents to 1.8 cents per 1 KW/h. In accordance with the agreement, Russia supplies Azerbaijan with electricity at a capacity of 200-250 MW during busy periods at a time when Azerbaijan has an electrical power shortage.