Russia to raise tariffs on electric power supply to Azerbaijan

The due information has been provided by vice president for Azerenerji Marlen Askerov.

"Russia has presented the due proposal to us, which is currently considered in the government", he noted.

Askerov announced that Russia plans to raise prices of electric power for Azerbaijan by 30%, and proposes to raise tariffs of energy exported to Russia to the same level.

Azerbaijan will adopt a resolution on the said issue until January 10.

Notably, the document on energy exchange between Azerenerji and RAO EES was signed on January 15 of 2007.

According to the contract, the price of 1 KW/hour of Russian electric energy for Azerbaijan was 3,636 cents.

Russia supplied 200-250 MW of energy in rush hours.

According to the agreement, the cost of electric power, supplied by Azerbaijan to Russia, was raised from 1.58 up to 1.8 cents. The contract covered the whole year of 2007, while the tariff referred only to the the first quarter.

Yet, in April of 2007, the sides introduced amendments to the document. In line with the document, covering a period until February of 2008, the tariff on import of Russian electric power was increased, without restrictions in import, though.

Azerbaijan currently imports electric power from Russia, when necessary.

/APA/