Azerenergy is the largest electrical power producer in the Republic of Azerbaijan. It also maintains the largest distribution network in the country, 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.
History
In 1935 "Electrotok" Organization was separated from "Azneft" and transferred to the subordination of the Common Energy Office of "Bashenerji" of the USSRPeople's Commissariat of Heavy Industry. 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 the 29th of July. "Electrotok" Organization in conjunction with its associated ventures was included into the recently made "Azenergy" Azerbaijan Territorial Energy Office by the order of the Azneft Trust, number 23/138, on the 15th of August in 1935. Officially “Azenergy” Azerbaijan Territorial Energy Office began its activity from the 20th of October, 1935. "Azenergy" Energy Office of the National Economy Board of the Azerbaijan SSR established in 1957, by the Decision of the Committee of Ministers of the Azerbaijan SSR number 292, on the 8th of June in 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 the 16th of October in 1962. The Common Energy and Power Office of the Soviet of Azerbaijan SSR was established in 1965, with the Decree of the Presidium of the Supreme Soviet of the Azerbaijan SSR on the 20th of October in 1965. "Azenergy" Generation Union was set up in 1970, with the Decision of the Council of Ministers of the Azerbaijan SSR, number 336, on 16 September in 1970. Committee of Ministers of the USSR accepted the recommendations for the reorganization of the Committee of Ministers of Azerbaijan SSR and “Azenergy” Production Union of the Service of Energy and Power of the USSR, in agreement with its decision number 196, on the 26th of March in 1971. The Common Production Union of "Azbashenerji" of the Service of Energy and Power of the Azerbaijan SSR was canceled and "Azenergy” Production Union of Energy and Power of the Azerbaijan SSR was made on its base by the decision of the Service of Energy and Power of the USSR number 296a, on the 3rd of August in 1988. By the arrangement of the Cabinet of Ministers of the Republic of Azerbaijan number 301, on the 14th of June in 1993, "Azenergy" Production Union of Energy and Power of the Azerbaijan SSR has considered to be the State Company, "Azerenergy" of the Electro-energetics and Power of the Republic of Azerbaijan in 1993, agreeing to the Decree of the president of Azerbaijan number 571, on the 10th of May in 1993. By the Order of the State Property Committee of Azerbaijan number 200, on the 28th of December in 1996, "Azernergy" Open Joint Stock Company was built up, by offers being 100% possessed by the state at the introductory stage, and on the 17th of March in 1997. It was enlisted at the Service of Justice of the Republic of Azerbaijan in 1996, under the Decree of the president Azerbaijan number 423 on the 17th of September in 1996.
