Press Review - July 9, 2018

Two opposing views of the causes of the accident at the Mingachevir Thermal Power Plant on July 3, shortcomings in the management system, and the situation with problem loans are leading topics of today's press.

The newspaper Azerbaijan writes that in the last 15 years, new power plants with a capacity of 2,500 megawatts were put into operation. This provides the country with uninterrupted supply of electricity. From this calculation, the energy potential of the country is 6,400 megawatts. The author claims that the accident, which occurred on July 3, was an occasional one. He believes the fault of the accident is not so-called "stability of the energy system", but the irresponsibility of the leadership of this sphere. The author gives the speech of President Ilham Aliyev, who is exposing the activities of the leadership of Azerenergy JSC and asserting the need to create a system that does not allow such accidents.

The website Strateq.az cites the opinion of the economist Gubad Ibadoglu on the accident at Mingechevir TPP on July 3. He believes this situation is linked to corruption that has long been ingrained in state-owned companies, and this is an indicator of poor governance. Until corruption is eradicated, such accidents will take place, the economist believes.

The newspaper Yeni Musavat continues to discuss the issue of problem loans,
in connection with reports on the suspension by banks of appeals to the courts on this issue. The newspaper discusses this question with the economist Natig Jafarli. According to him, decrease in the number of problem loans has not yet been observed. For solution there are two ways - either customers should start paying off loans actively, or banks should make concessions. Yet there is neither one nor the other, the expert points out. He believes the responsibility in this matter should be felt by the state. It allowed the devaluation, but it shifted the solution of this issue to the shoulders of citizens, although it would be possible to allocate funds from the Oil Fund and the state budget to solve the problem. -0-

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