Georgia to Pay off Energy Debt to Azerbaijan in Cash

Tbilisi is prepared to meet its financial obligations to Azerbaijan for electricity received in the January-February period partly in cash, at a rate of $0.028 per kilowatt hour, Trend reported on 10 March, citing AzerEnergy Vice President Marlen Askerov. Georgia’s electricity debt totals five million kilowatt hours. From 22 to 31 January, Azerbaijan supplied Georgia with 4.14 million kilowatt hours of electricity, of which 1.2 million has already been paid for.  Currently, Georgia’s outstanding energy debt, including energy supplied during the early nineties to Azerbaijan, totals 32 million kilowatt hours. (www.trend.az, March 10)

-- 23.03.2006