During 6 months, 2016 power generation in Azerbaijan totaled 10,954,600,000 KWh, down 6.3% against the same period last year.
According to the State Statistical Committee, during this period generation of tank power totaled 10,471,100,000 KWh (decline by 6.1%).
During 6 months thermal power stations generated 9,370,100,000 KWh of tank power (decline by 8.4%), while hydraulic power stations – 1,065,800,000 KWh (growth by 16.5%).
During this period generation of tank power by the alternative sources totaled 35.8 million KWh, of which 9.2 million KWh was wind power (growth by 2.6 times) and 26.6 million KWh (growth by 16.6 times) was solar power.
During quarter 1, 2016 share of alternative power in total power generation in Azerbaijan constituted 0.342%. The data of about five mini hydraulic power stations with the capacity between 5 and 20 MWt has not been taken into consideration.—0—
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review