The heads of the ministries of energy of Kazakhstan, Azerbaijan and Uzbekistan signed a memorandum of cooperation on interconnection of the energy systems of three countries. The signing ceremony took place within the framework of the Tashkent International Investment Forum, Ritmeurasia reports.
The document assumes that participants will study the possibilities of connecting energy systems by laying a high-voltage cable along the bottom of the Caspian Sea. The cable is being laid to implement the most optimal option from a technical and economic point of view for trading green energy from Azerbaijan, Kazakhstan and Uzbekistan.
“As part of the terms of reference, a proposed business model will be developed for the development of international transmission corridors (financing, revenue flow and ownership) and for the sale of green energy to the countries of the European Union. Based on the above, a draft memorandum of cooperation on interconnection of the energy systems of Azerbaijan, Kazakhstan and Uzbekistan was developed between the Ministries of Energy of the three countries,” said Almasadam Satkaliev, Minister of Energy of Kazakhstan.
CentralasianLIGHT.org
May 3, 2024