The Sumgait technological park’s cable plant has started trial manufacture of high voltage cables with the voltage 500 KW, reported STP.
“The plant is equipped with German equipment and until now it manufactured cables with the voltage of 10, 35, 110 and 220 KV. First time in the history of Azerbaijan’s industry the plant has started manufacture of high voltage cables 5000 KV,” reads the STP information quoting Director of the plant Adygezal Rakhmanov.
Currently high voltage cables are manufactured on a trial basis and we have already produced 1 km cable with 500 KV voltage.
“The next stage is to obtain certificate of compliance of the product to the European standards and its sale at the market,” said Director.—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