During the past 10 years total capacity of Baku’s electric networks increased from 3048 up to 6200 MWt, reported Azerishig, state monopoly distributing power in Azerbaijan.
“During the past 10 years technical losses in the electric networks of the city dropped from 16.9% to 7.8%. The deficit of capacity and excessive loads have been eliminated. The system of power supply with 110 Kv power has been created in Azerbaijan for the first time,” said the same source.
During 10 years of reforms in the Azerbaijani electric energy distribution system 30 units of 110 KV sub-stations, 225.5 km of high voltage air power lines and 226.9 km of high voltage cable have been built, 384,870 supports of the high voltage lines and over 1.32 million of new electric meters have been installed.
“During six months, 2016 technical losses in Azerishig’s regional power networks losses decreased to 10.4%. Capacity of Azerbaijan’s power system increased up to 11,011 MWt and until the end of the year it is planned to increase this index up to 12,056 MWt,” said the same source.
Capacity of Azerbaijan’s power system generation totals 11,111 MWt.--0—
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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