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.
U.S. President Donald Trump announced on Monday that he would allow Nvidia to ship its H200 chips to approved customers in China and other countries, ...
Lando Norris, fresh off securing his first Formula 1 world championship, has confirmed he will proudly race with the No. 1 on his McLaren in the 2026 ...
Several regions in southern and western Russia issued urgent warnings early Tuesday morning about the potential for drone attacks, prompting temporary...
U.S. President Donald Trump on Monday threatened to impose a 5% tariff on Mexico, accusing the country of violating a water-sharing treaty....
Kremlin spokesman Dmitry Peskov confirmed on Monday that Moscow had yet to receive any information regarding the outcome of recent talks in Florida be...
On December 8, an official welcome ceremony was held for President Ilham Aliyev of Azerbaijan in Bratislava, Slovakia. The ceremony took place at the Presidential Palace, where a guard of honor was lined up to greet the Azerbaijani president.
Azerbaijan's Minister of Foreign Affairs Jeyhun Bayramov held both a tête-à-tête and an extended-format meeting with Seyed Abbas Araghchi, the Foreign Minister of Iran, in Baku on Monday (8 December).
Iranian Foreign Minister Abbas Araghchi left Tehran for Baku on Sunday (7 December) evening to hold talks with Azerbaijan’s President and Foreign Minister.
At the Doha Forum, Assistant of the President of the Republic of Azerbaijan Hikmat Hajiyev and Secretary of the Armenian Security Council Armen Grigoryan discussed the peace process between the two countries.
A coup attempt by a “small group of soldiers” has been foiled in Benin after hours of gunfire struck parts of the economic capital Cotonou, officials said on Sunday.
A delayed local vote in the rural Honduran town of San Antonio de Flores has become a pivotal moment in the country’s tightest presidential contest, with both campaigns watching its results as counting stretches into a second week.
A powerful 7.5-magnitude earthquake struck northeastern Japan late on Monday, prompting mass evacuations and tsunami warnings along the coastline.
Lava fountains shot from Hawaii’s Kīlauea volcano from dawn to dusk on Saturday, with new footage showing intensifying activity at the north vent.
McLaren’s Lando Norris became Formula One world champion for the first time in Abu Dhabi, edging Max Verstappen to the title by just two points after a tense season finale.
The International Monetary Fund's (IMF) executive board approved Pakistan’s latest loan review on Monday, unlocking a critical $1.2 billion in financial support, ensuring that the country’s ongoing IMF program remains on track.
U.S. President Donald Trump announced on Monday that he would allow Nvidia to ship its H200 chips to approved customers in China and other countries, under conditions that prioritize national security concerns.
Lando Norris, fresh off securing his first Formula 1 world championship, has confirmed he will proudly race with the No. 1 on his McLaren in the 2026 season.
Several regions in southern and western Russia issued urgent warnings early Tuesday morning about the potential for drone attacks, prompting temporary flight suspensions and airspace closures across multiple areas.
U.S. President Donald Trump on Monday threatened to impose a 5% tariff on Mexico, accusing the country of violating a water-sharing treaty.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment