Bank Of Baku

Azerbaijan to cover arrears of electricity to Iran by November

Azerbaijan to cover arrears of electricity to Iran by November
# 05 September 2008 15:26 (UTC +04:00)
Baku. Rashad Suleymanov - APA-Economics. Azerbaijan will completely cover its electricity debt to Iran by November, said Marlen Asgarov, Vice-President of AzerEnerji.
Iran supplied electricity to Nakhchivan Autonomous Republic in winter.
He added that Azerbaijan has been supplying 1.2 million to 1.4 million kilowatts of electricity since April to Iran a day so as to pay off its debt.
“We plan to fully “pay” off this debt by November,” he added.
The arrears of electricity was 258 million kilowatts in April.
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