In quarter 1. 2016 Azerbaijan generated 4.5 million kwh of power from alternative sources, a source from the Azerbaijan State Statistical Committee told Turan.
Generation of power from alternative sources increased by 2 million KWh or by 180% against the same period last year.
The Statistical Committee said that from January to March 2016 generation of wind power totaled 3.4 million KWh (2.2 million Kwh in quarter 1, 2015) and solar power – 1.1 million KWh (0.3 million KWh).
In quarter 1, 2016 Azerbaijan generated 5,976,200,000 KWh power (tank power totaled 5,709,600,000 kwh). Only 6.5% of power generation fell to the hydraulic power stations. Share of alternative power in generation of tank “electricity” constituted only 0.078%.
Azerbaijan has committed itself that in 2020 it will increase power generation from alternative sources up to 20% in total volume of power generation.---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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