In 2013 Azerenerji company, which is in charge of power generation and distribution in Azerbaijan, generated over 21.5 billion kwh of power against 21.3 billion kwh in 2012 (growth by about 1%), reported Azerenerji.
In December 2013 Azerbaijan generated 2.2 billion kwh of power against 2.1 billion kwh in December 2012 (growth by 4.8%).
The capacity of the power stations of Azerenerji totals 6300 MWt. The company has over 200 sub-stations, 8 hydraulic power stations and 13 thermal power stations.
Turan reported that by the end of 2013 Azerenerji owed SOCAR over 300 million AZN for gas delivered to its thermal power stations.—0—
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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