TODAY.AZ / Business

?zerenerji JSC to manage Bayva-Enerji

22 February 2006 [15:08] - TODAY.AZ
The ?zerenerji Joint Stock Company (JSC) is holding negotiations with the government of Azerbaijan and is likely to commence managing the Bayva-Enerji company since March 1, the head of the ?zerenerji JSC Etibar Pirverdiyev told journalists on Wednesday.

According to him, the decision on reimbursement of the investments is not within the competency of the ?zerenerji JSC, as the contract on management by electrical networks 'Ganjaelectricshabake" (Ganja electrical power network) JSC and "Alibayramlielectricshabake" (Alibayramli power networks) had been concluded between the Ministry of Economic Development and Bayva-Enerji, Trend reports.

President of Azerbaijan Ilham Aliyev signed on 5 December a decree on liquidation of rights for Bayva-Enerji for management by "Ganjaelectricshabake" and "Alibayramlielectricshabake". From the moment of the contracts cancellation both JSCs are transferred to ?zerenerji JSC.


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