Bank Of Baku

Azerbaijan covers arrears of electricity to Iran

Azerbaijan covers arrears of electricity to Iran
# 29 October 2008 15:32 (UTC +04:00)
Baku. Rashad Suleymanov - APA-Economics. Azerbaijan has completely covered its electricity arrears owed to Iran, said AzerEnerji.
The national company said the account has reached a zero level. At present the two countries continue exchanging electricity.
Azerbaijan had been supplying 1.3 million to 1.4 million kilowatts of electricity a day to Iran since April so as to pay off its debt.
The arrears of electricity was 258 million kilowatts in April.
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