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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The State Oil Fund of the Republic of Azerbaijan (SOFAZ) has reported a 3.3% increase in its gold investments compared to last year, according to the fund's investment activity results for the second quarter of 2024. Gold investments now account for $8.57 billion, or 14.8% of SOFAZ's US Dollar Portfolio.
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Azerbaijan's Minister of Digital Development and Transport, Rashad Nabiyev, announced on the social network "X" that during the visit of Israel's Minister of Regional Cooperation, David Amsalem, to Azerbaijan, discussions were held on cooperation in innovation, space, and aviation.
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Azerbaijan is bracing for heightened expectations of currency devaluation as declining oil revenues and mounting inflationary pressures fuel concerns over economic stability, experts warn.
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A delegation led by Azerbaijan's Minister of Economy, Mikayil Jabbarov, met with key Italian officials during an official visit to Italy, highlighting the strong and multifaceted partnership between the two countries.
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