Azerbaijan, Kazakhstan, and Uzbekistan have partnered with regional banks to launch a clean energy project connecting Central Asia to Europe via the Caspian Sea.
Azerbaijan, Kazakhstan, and Uzbekistan have signed a cooperation agreement with two major regional financial institutions—the Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB)—to initiate the Caspian Green Energy Corridor project, according to Azerbaijan’s Ministry of Energy.
The memorandum of understanding was formalised in Baku on Friday, with the energy ministers from all three countries and senior representatives from ADB and AIIB present, during discussions at the Southern Gas Corridor and Green Energy Advisory Councils.
The agreement marks the beginning of a feasibility study for the first phase of a proposed clean energy corridor linking Central Asia to Europe via the Caspian Sea.
Azerbaijani Energy Minister Parviz Shahbazov emphasised that the project aims to integrate the energy networks of the three nations, highlighting that the involvement of ADB and AIIB is a significant milestone.
Kazakh Energy Minister Erlan Akkenzhenov pointed out that the initiative promotes regional energy cooperation, sustainable development, and the export of clean energy.
Uzbek Energy Minister Jurabek Mirzamakhmudov stated that the corridor would serve as a reliable conduit for connecting Central Asia’s renewable energy resources to European markets.
ADB official Evgeniy Zhukov described the project as a strategic priority, noting it would bolster cross-border collaboration on clean energy infrastructure.
AIIB representative Hong Wei expressed the bank’s pleasure in supporting the study, adding that Azerbaijan will play a pivotal role as the gateway for Central Asia’s clean energy into Europe.
The three nations had earlier signed a broader green energy cooperation agreement at the COP29 summit in November 2024.
Armenian authorities arrested six candidates from the pro-Russian Strong Armenia bloc on Saturday, one day before voters were due to take part in parl...
Ukrainian drone strikes reportedly hit an oil depot in Ust-Labinsk and a military site near St. Petersburg, causing a fire but no casualties, accordin...
In a workshop surrounded by the wreckage of war, workers in Gaza are giving a second life to small leisure boats once used for family outings and swim...
Five Azerbaijani crew members were killed, and three others were injured after two cargo vessels were hit in a drone attack in the Sea of Azov, Azerba...
The United States has approved the possible sale of five Seahawk maritime helicopters to New Zealand in a deal valued at $1.5 billion, as Wellington m...
Five Azerbaijani crew members were killed, and three others were injured after two cargo vessels were hit in a drone attack in the Sea of Azov, Azerbaijan's Foreign Ministry said on Friday, as Russia blamed Ukraine for the strike.
The new AnewZ documentary, TARGET: Yerevan, builds its explosive case on exclusive, secret recordings originally published by Minval Politika.
The Trump Route for International Peace and Prosperity (TRIPP), the ambitious multimodal transit corridor designed to connect mainland Azerbaijan with its Nakhchivan exclave through southern Armenia, has moved rapidly from political declaration to practical implementation.
Armenia’s National Assembly election on 7 June is increasingly being viewed not only as a domestic political contest, but also as a vote that could shape the future direction of the South Caucasus.
Five Azerbaijani crew members were killed, and three others were injured after two cargo vessels were hit in a drone attack in the Sea of Azov, Azerbaijan's Foreign Ministry said on Friday, as Russia blamed Ukraine for the strike.
More than 6,000 people gathered outside a vote-counting centre in Seoul on Friday night, demanding this week’s local elections be repeated after ballot shortages left some voters unable to cast their ballots.
The new AnewZ documentary, TARGET: Yerevan, builds its explosive case on exclusive, secret recordings originally published by Minval Politika.
Azerbaijan has strongly rejected allegations published by CNN claiming that its territory was used for Israeli military and intelligence operations against Iran, describing the report as entirely baseless and demanding a retraction.
The U.S. said it struck Iranian radar sites on Qeshm Island and in Goruk after intercepting four drones, while Iran's Revolutionary Guards said they launches retaliatory strikes on four tankers in the Strait of Hormuz and targeted U.S. bases in the Gulf.
People across Gaza are facing a worsening humanitarian crisis, with millions struggling to access food, clean water, shelter and medical care as the conflict continues.
Ukrainian drone strikes reportedly hit an oil depot in Ust-Labinsk and a military site near St. Petersburg, causing a fire but no casualties, according to local Russian authorities.
The United States has approved the possible sale of five Seahawk maritime helicopters to New Zealand in a deal valued at $1.5 billion, as Wellington moves to strengthen its armed forces.
The United States has announced an additional $38 million to support efforts to contain the Ebola outbreak in the Democratic Republic of Congo, as health officials warn that the virus could spread further without stronger action.
More than 6,000 people gathered outside a vote-counting centre in Seoul on Friday night, demanding this week’s local elections be repeated after ballot shortages left some voters unable to cast their ballots.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment