Azerbaijan's President Ilham Aliyev has approved an agreement between Azerbaijan, Kazakhstan and Uzbekistan on strategic partnership in the development and transmission of green energy.
The agreement was signed by leaders of the three countries on November 13, 2024, initiating a Caspian Sea electricity transmission cable project. To ensure the efficient implementation of the project, the joint venture "Green Corridor Alliance" was established, with its headquarters in Baku.
The proposed cable will link the energy systems of the three countries, promoting energy security, sustainable and economic growth in the region.
It also aims to establish a "green corridor" for the transmission of renewable energy from the Caspian region to Europe via another high-voltage submarine cable -the Black Sea Cable - connecting the South Caucasus region with the European Union.
The two power transmission cables are part of a broader strategy to connect the Caucasus region with continental Europe.
The European Bank for Reconstruction and Development (EBRD) is expected to play a crucial role in this initiative, providing policy guidance and investments in renewable energy.
The project’s initial budget exceeds $2 billion, and preliminary timelines suggest commissioning by 2029, said Aida Sitdikova, the EBRD’s Director of Energy, Eurasia, Middle East and Africa, Sustainable Infrastructure Group, said in an interview with The Astana Times.
The two projects could create a transformative green energy corridor, harnessing Central Asia’s abundant wind and solar resources for export to Europe—diversifying energy supplies and supporting the continent’s decarbonization efforts, she said underlining that economic feasibility remains critical for the project’s success.
"Renewable energy from Kazakhstan, Uzbekistan, Azerbaijan, and Georgia must be offered at competitive prices for European consumers. Europe has alternative sources, such as North Africa and the Middle East, so the cost-competitiveness of both generation and transmission will be the key determining factor," EBRD expert noted.
Azerbaijan’s Ministry of Emergency Situations has sent technical assistance to the Kyrgyz Republic in accordance with instructions of President Ilham Aliyev.
Pope Francis has welcomed the progress in the peace process between Armenia and Azerbaijan. He described the steps taken toward peace in the South Caucasus as a "sign of hope" and emphasized that this process could serve as an example for resolving other conflicts.
Armenian Prime Minister Nikol Pashinyan has announced plans to hold a nationwide vote on adopting a new constitution in 2027.
As winter turns to spring, millions worldwide celebrate Novruz— an ancient festival of renewal, unity, and cultural heritage. Recognized by UNESCO and the UN, it is officially marked as International Novruz Day on March 21, inspiring hope, peace, and togetherness across generations and borders.
Azerbaijani Foreign Minister Bayramov briefed his British counterpart on the current situation in the region and the peace process between Azerbaijan and Armenia. Today, Bayramov held a telephone conversation with David Lammy, UK Secretary of State for Foreign, Commonwealth, and Development Affairs.
Bank of America (BofA) said the recent volatility in Turkish markets has so far had only a limited inflationary impact, stressing that Türkiye’s economic management remains in control.
A severe cyberattack disabled Ukraine’s online railway ticketing system on Monday, causing extensive queues and disruptions, with Kyiv officials attributing the incident to a possible Russian attempt to destabilise the nation.
Tuberculosis (TB) cases among children in Europe's WHO region increased by 10% in 2023, marking a troubling rise that underscores ongoing disease transmission, according to a World Health Organization report released on Monday.
U.S. President Donald Trump reiterated on Monday his proposal for the United States to annex Greenland, sparking strong criticism from Greenlandic and Danish officials over a planned visit by a high-level U.S. delegation later this week.
In a groundbreaking study published in Cell on January 18, Chinese researchers have unveiled a novel cancer treatment that ingeniously disguises tumors as pig tissue, triggering the body’s immune system to mount a hyperacute rejection response against the cancer cells.
Sweden’s Prime Minister Ulf Kristersson stated on Thursday that purchasing U.S. weapons does not pose a security risk for his country, but emphasized the need for Europe to reduce its reliance on American defense systems. His comments come amid growing discussions within Europe.
NASA astronauts Butch Wilmore and Suni Williams completed an unexpectedly long 286-day mission on the ISS, returning to Earth aboard a SpaceX capsule after delays caused by technical issues with Boeing’s Starliner.
Russian President Vladimir Putin agreed on Tuesday to a proposal by U.S. President Donald Trump that Russia and Ukraine cease attacking each other's energy infrastructure for 30 days, the Kremlin said following a lengthy phone discussion between the leaders.
Mexican forces have dismantled a massive meth lab in Zacatecas, dealing a blow to a Sinaloa Cartel faction.
The Sydney opera house, and other iconic national monuments round the world turned off their lights at 8:30pm local time to commemorate earth hour.
A new national forest stretching from the Cotswolds to the Mendips is set to be created, the UK government has announced. 20 million trees set to be planted across the West of England in the coming decades, creating at least 2,500 hectares of new woodland.
Glaciers around the world are melting at an alarming rate, with the last three years seeing the largest mass loss on record, according to a UNESCO report. The accelerated ice loss, driven by climate change, is contributing to rising sea levels.
Record greenhouse gas levels in 2024 have driven global temperatures to an all-time high, accelerating the loss of glaciers and sea ice, raising sea levels, and bringing the world closer to a key climate threshold, according to the World Meteorological Organization (WMO).
Bank of America (BofA) said the recent volatility in Turkish markets has so far had only a limited inflationary impact, stressing that Türkiye’s economic management remains in control.
A severe cyberattack disabled Ukraine’s online railway ticketing system on Monday, causing extensive queues and disruptions, with Kyiv officials attributing the incident to a possible Russian attempt to destabilise the nation.
Tuberculosis (TB) cases among children in Europe's WHO region increased by 10% in 2023, marking a troubling rise that underscores ongoing disease transmission, according to a World Health Organization report released on Monday.
U.S. President Donald Trump reiterated on Monday his proposal for the United States to annex Greenland, sparking strong criticism from Greenlandic and Danish officials over a planned visit by a high-level U.S. delegation later this week.
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