Azerbaijan, Baku / corr. Trend / The receivable debt of the Sumgayit Electricity Network company totaled AZN 44.3mln, 74.9% of which are subscribers, the Chairman of the company, Fahri Mammadov, reported. The public debt is AZN 33.2mln.
Earlier Barmek Turkish company headed the Sumgayit-based power grid. The contract was canceled due to the company not fulfilling the conditions of the agreement.
Mammadov noted that the total amount of debt, including receivable debts, totaled AZN 160.6mln. AZN 106.8 of debt are from the public and AZN 53.8mln from subscribers.
Presently, the number of subscribers in the company is 236,885 (214,679 being the public). About 75% of the subscribers have been provided with electrical counters.
Sumgayit Electricity Network will be functioning from November 2006.