Investments worth about $4 billion made in Azerbaijan’s energy sector - minister
Currently, Azerbaijan is not only the country that independently meets domestic demands in all energy resources, particularly in electricity, but also the country that exports electricity, Azerbaijani Minister of Finance Samir Sharifov told local media.
According to him, this is the reflection of the state care of energy sector which is always in the center of special attention and control.
"In total, around 3.1 billion manat was attracted to the energy sector in last ten years from domestic and foreign sources. As a result, around 14 power stations were constructed and commissioned and three sets of high-voltage power transmission lines were laid," Sharifov said.
Azerbaijan's state-owned energy producer Azerenergy generated about 7.8 billion kilowatt hours of electricity in January-April 2013.
The total capacity of the power plants owned by Azerenergy exceeds 6,000MW. There are more than 200 substations with a capacity of 500, 330, 220 and 110 kilovolt amperes, as well as six hydropower plants and 13 thermal power plants on its balance sheet.
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