Bank Of Baku

Azerbaijan will soon launch talks with Russia and Georgia on electricity exchange

Azerbaijan will soon launch talks with Russia and Georgia on electricity exchange
# 18 November 2008 10:00 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. Azerbaijan will soon launch negotiations with Russia and Georgia on the exchange and purchase-sell of electricity for 2009, said Marlen Asgarov, Vice-President of AzerEnerji.
He added that Azerbaijan delivered electricity to Georgia in winter because Georgia generates most of electricity in hydropower plants.
Georgia returns the same amount of electricity in summer when water level rises in rivers.
Russia imports electricity from Azerbaijan at peak hours for 6 cents per kilowatt.
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