The Azerbaijan State Agency for Alternative and Renewable Power Sources has been testing new wind power station Yeni Yashma.
The agency’s press office reported that 18 out of 20 turbines of the power station are being tested. As soon as the tests are completed, the turbines will be connected to the power system and the station will start working at full capacity.
Yeni Yashma wind power station has a capacity of 50 MWt and is located in Khyzy region, 70 km north of Baku.
According to the preliminary studies, during five years it is planned to build up to 100 objects to generate alternative power.
In 2014 investments into development of alternative power in Azerbaijan reached 63.6 million AZN, of which 34.9 million AZN fell to development of solar power and 28.7 million AZN for development of wind power.
The State Agency for Alternative and Renewable Power Sources was established by the presidential decree on August 1, 2009.—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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