The Ministry of Finance announced a tender to attract an international consultant who will examine the cost of electricity and technical losses in Azerenergy JSC.
According to the requirements, the consultant company will also carry out diagnostics of efficiency of power plants and energy facilities.
According to the State Statistics Committee, in 2014 Azerenergy produced 21.9 billion kilowatt-hours of electricity. The loss of electricity from power plants by the end user for the year amounted to 3 billion 362.6 million kWh. In total in 2007-2014 technical losses of electricity in Azerbaijan totaled 28.5 billion kilowatt-hours, according to SSC.
Note that this is the first such case, when the government checks the activity of JSC Azerenergy for the use of material resources and the efficiency of power plants’ work. ----08D
Economics
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Azerbaijani President Ilham Aliyev signed a decree on Monday aimed at improving social welfare, increasing the country’s minimum monthly wage to 400 manats ($235) starting January 1, 2025.
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Turkish companies YDA and ASFAT plan to build a shipyard near Kazakhstan's port of Kuryk to address the country's domestic fleet shortage, Kazakhstan's Minister of Transport Marat Karabaev announced on Monday during a parliamentary session. The project underscores Kazakhstan's ambitions to strengthen its maritime capabilities and logistics infrastructure.
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Kazakhstan's Minister of Transport, Marat Karabayev, unveiled the country’s bold roadmap for transforming itself into a premier transport and logistics hub in Eurasia. Speaking in parliament on Monday, Karabayev detailed strategies to capture a share of the massive $1 trillion annual freight flows between the East-West and North-South corridors.
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The ASCO-owned ferry "Shahdag," freshly refurbished, has resumed operations on the Azerbaijan-Kazakhstan route, aiming to alleviate severe truck congestion at ports on both sides of the Caspian Sea.
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