Bank Of Baku

Azerbaijan and Russia extend electricity deal

Azerbaijan and Russia extend electricity deal
# 27 November 2008 08:24 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. An existing electricity deal between Azerbaijan and Russia has been extended until late December, 2008, said AzerEnerji.
The company said there was no change in the terms of the deal that is expiring in late November.
Russia imports electricity from Azerbaijan at peak hours for 6 cents per kilowatt.
Russia is expected to send a delegation to Azerbaijan in late December to sign a new agreement for 2009.
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