BARMEK-AZERBAIJAN HOLDS BRIEFING
“Barmek-Azerbaijan” Electrical Company has held the briefing for media in connection with its employees’ participation in the 3rd conference of Energy Regulators Regional Association in Budapest, Hungary. The company’s president Hussein Arabul said during the conference he had delivered a report on socio-economic situation in Azerbaijan, and activities of Barmek. A rapid development of Azerbaijan in energy sector as well as the democratic structure of Azerbaijan, solid legal and legislative basis aroused a keen interest of the conference participants. The audience was informed of the great accomplishments gained by Azerbaijan, in particular, the large-scale oil projects, gradual restoration of non-oil sector, increasing influx of investments etc.
According to H. Arabul, he also reported on the Barmek’s activity since November 2001 and unique form of energy management was initiated by Heydar Aliyev. The network was not privatized but leased, he said. This model aroused interest of foreign specialists.
President cited Georgia as an example where a foreign company leased the Georgian grid merely for reduction of losses but abandoned the country leaving the business undone. However, Barmek invested in the Baku and Sumgait grids making material and moral profits.
Then, H. Arabul told of the plans to be realized by Barmek in the near future.
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