During 6 months, 2016 Azerenerji, state monopoly generating power in Azerbaijan, generated 10.8 billion KWh, reported press office of the company.
From January to June 2015 Azerenerji generated 11.5 billion KWh of power. Thus, from January to June 2016 power generation decline constituted 6.1%.
In June 2016 Azerenerji generated 1.6 billion KWh of power.
Power generation has declined at the power stations of Azerenerji, because of the climate: this year winter in Azerbaijan was milder, than last year. This year there were only several hot days in June.
In 2015 Azerenerji generated 22.5 billion KWh of power.—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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