From January to July 2015 13,623,200,000 kwh of power has been generated in Azerbaijan, up 2.9% against the same period in 2014, reads the monthly report of the Azerbaijan State Statistical Committee.
During this period production of tank electric energy totaled 12,986,200,000 kwh (growth by 2.9%).
The difference between total and the commodity indexes of power generation is caused by the fact that Azerenerji uses part of generated power to satisfy its own needs.
From January to July 2015 thermal power stations of Azerenerji generated 12,528,000,000 KWh of power (growth by 1.5%), while hydraulic power stations – 1,088,900,000 KWh (growth by 21.7%).
Since early year 7.9% of generated power in Azerbaijan fell to the hydraulic power stations.—0-
Economics
-
Russia and Iran have agreed on a gas pipeline route passing through Azerbaijan, according to Russia’s Energy Minister Sergey Tsivilyov. The Russian minister stated that the parties are in the final stage of negotiations, and the volumes have already been determined. According to Tsivilyov, Iran’s agreement with Russia’s Gazprom for gas supply via Azerbaijan is currently estimated at over 2 billion cubic meters annually. However, future supplies could increase to 55 billion cubic meters per year.
-
On January 20 during the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan engaged in a strategic dialogue with Nick Studer, CEO of Oliver Wyman Group.
-
During the World Economic Forum's Annual Meeting in Davos, President Ilham Aliyev of Azerbaijan met with Jared Cohen, President of Global Affairs at The Goldman Sachs Group, Inc. The meeting underscored the ongoing collaboration between Goldman Sachs and Azerbaijan's financial institutions, notably the Central Bank of Azerbaijan and the State Oil Fund.
-
At the World Economic Forum in Davos, Azerbaijan's Minister of Economy, Mikayil Jabbarov, participated in the session titled "Leaders’ Circle: Financing the Energy Transition – A New Horizon." Jabbarov emphasized discussions on existing opportunities and major challenges in achieving successful energy transformation, underscoring the critical importance of financing the energy transition.
Leave a review