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Russia Proposes Azerbaijan to Continue Electricity Exchange

Oil&Gas Materials 4 April 2007 11:15 (UTC +04:00)

Azerbaijan, Baku / corr. Trend S.Aliyev / Russia proposed Azerbaijan to continue electricity exchange through maintaining volume of transportation until coordination of prices. Marle Asgarov, vice president of Azerenerji, reported that the electricity from Russia will be returned in the same volume.

The present agreement on electricity delivery has been intended for the full year of 2007. However, the tariffs were adopted only for the first quarter. The import of electricity from Russia to Azerbaijan in the first quarter will be on par with the tariffs applied in 2006, namely 3,636 cent per 1 kW/h.

The cost of the Azerbaijani electricity for Russia has increased from 1.58 cent to 1.8 cent for 1 kW/h. During the electricity shortage period in Azerbaijan, Russia will deliver electricity to Azerbaijan, at a capacity of 200-250 mW.

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