In 2015 share of alternative power constituted 0.06% in total power generation of the country
In 2015 total volume of power generation in Azerbaijan reached 22,900,500,000 KWh, own 0.7% against 2014.
According to the Azerbaijan State Statistical Committee, during last year generation of commercial power in the country totaled 21,811,300,000 (decline by 0.6%).
The difference between total and commercial power generation indexes is caused by the fact that Azerenerji, state monopoly generating power in the country, uses part of generated power to satisfy its own needs.
In 2015 Azerenerji’s thermal power stations generated 20,260,100,000 kWh of commercial power (decline by 1.5%), while hydraulic power stations – 1,541,500,000 kWh (growth by 25.3%).
In 2015 Azerenerji’s thermal power stations consumed 315,600 tons of black oil and 4.7 billion cub.m. of natural gas.
In 2015 Azerbaijan generated 5.7 million kWh of commercial wind power (decline by 27.8%) and 4 million kWh of solar power (not generated in 2014).—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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