Azerbaijan and Russia Reach Agreement on Electricity Exchange
Azerbaijan, Baku / corr. Trend S.Aliyev/ The General Manager of Azerenerji joint stock company, Saleh Mammadov, said on 28 April that Azerbaijan and Russia reached an agreement on re-establishment of the electricity import-export. The work over the new contract will commence after 1 May. According to him, the electricity will be delivered to Azerbaijan on more available conditions.
Earlier the representatives of JSC offered to decrease the cost of the supplied electricity by 3.4% for 1 KWt/h.
Azerenerji did not inform of the new agreement cost of the electricity import, but it was stated that the delivery will be made on more suitable conditions. The volume of the electricity supply will be decreased because the electricity demand in Azerbaijan decreases in the summer period. The Russian electricity import to Azerbaijan had been terminated since the beginning of April. Presently the electricity exchange between Azerbaijan and Russia is at the level of zero. The electricity supplied by Russia will be returned at the same volume.
The previous Agreement for the delivery of electricity has been calculated for the whole of 2007. However, the tariffs had 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.