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Uzbekistan, Azerbaijan and Kazakhstan have created a joint venture for a "green" energy corridor
Uzbekistan, Azerbaijan, and Kazakhstan have established a joint venture Green Corridor Union LLC to build a "green" energy corridor to Europe.
On July 1, representatives from:
- Azerbaijan's "Azerenergy" OJSC
- "Uzbekistan National Electric Networks"
- "KEGOC" (Kazakhstan)
signed an agreement to establish the joint venture and approve its charter.
Key aspects of the project:
| Aspect | Details |
|---|---|
| Management | Farhod Mamedov appointed as company head |
| Registration | Company registered in Baku |
| Export plans | From 2030, Uzbekistan plans to export 10-15 billion kWh |
| Infrastructure | Submarine cable through the Black Sea to connect regions |
"The implementation of this project will be crucial for ensuring energy security of our countries, achieving sustainable development goals, and exporting 'green' energy to Europe"
In November 2024, during COP-29 in Baku, the presidents of the three countries signed a strategic partnership agreement. Azerbaijani Deputy Energy Minister Elnur Soltanov emphasized the importance of this agreement.
Expert commentary:
"By 2030, Uzbekistan's electricity demand is projected to reach 120-125 billion kWh. We have numerous generation facilities with total capacity of about 135 billion kWh. All excess capacity will be exported to Europe once the infrastructure is ready," stated Umid Mamadaminov, Deputy Energy Minister of Uzbekistan.
Material prepared based on official data from the energy ministries of the three countries
