Azerenergy (Azerenerji Joint Stock Company (JSC)) is the largest electrical power producer in the Republic of Azerbaijan. It also maintains the largest distribution network in the country,[2] although the regional power networks are being privatized. Azerenergy was recreated as a state-owned joint stock company in 1996, by decree of President Heydar Aliyev.[3]
History
In 1935 "Electrotok" Organization was separated from "Azneft" and transferred to the subordination of the Common Energy Office of "Bashenerji" of the USSR People's Commissariat of Heavy Industry ("Glavenergo"). Meanwhile, "Azenergy" Azerbaijan Territorial Energy Office was made on its base in 1935, by the order of the People's Commissariat of Heavy Industry of the USSR on 29 July. "Electrotok" Organization in conjunction with its associated ventures was included in the recently made "Azenergy" Azerbaijan Territorial Energy Office by the order of the Azneft Trust, number 23/138, on 15 August 1935. Officially "Azenergy" Azerbaijan Territorial Energy Office began its activity from 20 October 1935. "Azenergy" Energy Office of the National Economy Board of the Azerbaijan SSR was established in 1957, by the Decision of the Committee of Ministers of the Azerbaijan SSR number 292, on 8 June 1957.
The Common Office of Energy and Power under the Committee of Ministers of the Azerbaijan SSR was established in 1962, by the decision of the Committee of Ministers of the Azerbaijan SSR, number 808, on 16 October 1962.