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Thursday, January 25, 2007

Azerbaijan and Russia agreed on energy supply in 2007

Azerbaijanrussia01-18-2007 Regnum News - Azerenergy (Azerbaijani) and RAO UES Russia signed a contract in Baku regulating energy exchange between Azerbaijan and Russia, a REGNUM correspondent reports. According to a statement made by Azerenergy’s press office, the parties agreed to continue effective partnership, in the frameworks of which, in particular, the Azeri side will receive 200-250 megawatt in peak hours. For the year Azerenergy will receive about the same amount of energy as last year under the last-year tariff – 3.636 cents per kwh. At the same time, the price for Azeri electricity exported to Russia increased from previous 1.58 to 1.8 cents per kwh. Last year, Azerbaijan exported from Russia over 0.7 billion kwh.

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