How Kazakhstan, Uzbekistan, And Azerbaijan Will Export Electricity To Europe
Photo: Ministry of Energy
The Mazhilis has ratified the Agreement on Strategic Partnership in the production and transmission of green energy between Kazakhstan, Uzbekistan, and Azerbaijan. The project envisages the creation of an energy corridor that will allow environmentally friendly electricity, as well as hydrogen and green ammonia, to be exported from Central Asia to Europe via the Caspian Sea, Orda.kz reports.
The agreement was signed in 2024 by the leaders of the three countries. Authorities describe it as one of the most ambitious energy projects in the history of independent Kazakhstan.
One of the project’s key elements is the construction of a high-voltage deep-water direct current cable along the bottom of the Caspian Sea. This is expected to give Kazakhstan direct access to the EU electricity market through a similar project in the Black Sea.
The Italian consulting company CESI is currently preparing a feasibility study. The cost of this work is estimated at one million euros. The funding is being provided through grants from the Asian Development Bank and the Asian Infrastructure Investment Bank, which have also confirmed their readiness to allocate up to two million dollars to support the project.
In July last year, the three countries established a joint venture, Green Corridor Alliance, to coordinate the work of expert groups.
Original author: Oksana Matviyenko
Read also:
Latest news
- Kazakhstan Tightens Rules on Bank Loans to Related Parties
- Kyrgyz MP Reports Attacks on Kyrgyz Cars in Kazakhstan
- AI to Be Used to Monitor Methane Leaks in Kazakhstan
- Nuclear Power Could Cost Kazakhstanis Up to $0.19 per kWh, Expert Says
- Tokayev Criticizes Selective Use of the UN Charter
- Kazakhstan Plans to Print National ID Numbers on Pharmacy and Clinic Receipts
- Tokayev Says Snow Leopard Numbers in Kazakhstan Have Recovered
- Illusion of Stability: Expert Says Housing in Kazakhstan Could Rise in Price by Fall
- Maslikhat Deputies in Kazakhstan May Receive Expanded Powers
- Minister Confirms Threat to Kazakh Oil Transit Through Russia
- Astana Akimat Gives More Precise Timeline for LRT Launch
- Flood Washes Out Crossing in West Kazakhstan Region, Forcing Villagers to Take Longer Route
- Eco-Activist Shows Steppe Near Aktau Turned Into a Dump
- Direct Highway Between Kazakhstan and Mongolia Under Discussion
- Russia May Halt Kazakh Oil Transit to Europe From May 1
- ERG Cuts Cobalt Output in Congo After Export Restrictions
- Why Foreign Investors Complain About Kazakhstan
- Analysts Warn That Rising Costs Are Eating Into Kazakhstanis’ Incomes
- Miners in Kazakhstan May Receive Lifetime Payments
- Kostanay Farmers Again Demand Permission to Shoot Saigas in the Fields