Azerenergy's profit drops sharply – Report

11:34 - 18.07.2024


July 18, Fineko/abc.az. The net loss of Azerenergy's largest power plant, the Azerbaijan thermal power plant, in 2023 amounted to 2.32 million manats, while in 2022 the company made net profit of 4.33 million manats.

ABC.AZ reports, referring to the financial statements of Azerbaijan TPP as of December 31, 2023.

Company's revenue from energy sales reached 239.86 million manats (12.24 million manats or 4.86% less than a year earlier).

Fuel costs of the Azerbaijani TPP in 2023 totaled 175.28 million manats (4.21 million manats or 2.46% higher than 171.07 million manats in 2022).