Azerbaijan, Kazakhstan and Uzbekistan have established a joint venture to implement the Green Energy Corridor: Azerbaijan–Central Asia project aimed at building infrastructure for clean energy transmission and strengthening a regional energy cooperation.
AzerEnergy OJSC, the Kazakhstan Electric Grid Operating Company, and the National Electric Grids of Uzbekistan OJSC have approved the charter of Green Corridor Union LLC, with headquarters in Baku.
The signing ceremony for the establishment of Green Corridor Union LLC was held on Tuesday. During the meeting, the parties discussed the planned activities and strategic direction of the joint venture.
It was agreed that Farhad Mammadov will be appointed as the General Director of Green Corridor Union LLC.
Azerbaijan's Deputy Energy Minister Elnur Soltanov highlighted the significance of the Agreement on Strategic Partnership in the field of green energy development and transmission, signed by the presidents of Azerbaijan, Kazakhstan, and Uzbekistan within the framework of COP29. He also stressed the importance of the implementation program between the three countries and the the Kingdom of Saudi Arabia related to the project.
The project will involve the interconnection of energy systems and the establishment of a green corridor for renewable energy transmission and trade. It envisions comprehensive transmission of green energy from the Caspian region to Europe via the Black Sea Cable.
In April, the Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB), and the energy ministries of Azerbaijan, Kazakhstan, and Uzbekistan signed a Memorandum of Understanding (MOU) to support the Feasibility Study for the Caspian Green Energy Corridor Project. The initiative is part of ADB’s regional technical assistance for the project.
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