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
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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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