TODAY.AZ / Business

Electricity debt to Turkey to be paid by government

10 March 2006 [09:30] - TODAY.AZ
The Azerenergy Open Joint-Stock Company (OJSC) requested the government of the country to pay electricity debt to Turkey.

According to APA, OJSC is unable to pay this debt at its own expense: "At present we owe the Turkish side about $157 million for electricity received by us. Because there is no second line, we can not repay it as electricity. On the other hand, because Nakhchivan can not provide itself with energy at the present time, the debt can only be repaid in monetary form. This question is currently reviewed".

OJSC presented facts on Barmek LLC's not paying for electricity it receives and not fulfilling its commitments on reducing losses to law-enforcement bodies.


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