Azerbaijan, Kazakhstan, and Uzbekistan agreed to establish a joint venture to export green energy to Europe, according to the Kazakh energy ministry on Wednesday.
‘A respective agreement was reached at a meeting of energy and economy ministers of Azerbaijan, Uzbekistan and Kazakhstan in Baku focused on discussing the prospects of electricity exports from Central Asian countries to Europe through the territory of Azerbaijan,” the ministry said.
Following the meeting, the heads of the ministries released a joint communiqué noting the renewable energy potential of countries in the region and their readiness to join the project on the export of electricity from alternative sources to Europe.
According to the communiqué, the parties will form a joint working group to develop ideas for energy exchange collaboration, with a focus on renewable energy sources, the production and export of green ammonia and hydrogen, and the construction of infrastructure related to these sectors.
‘On the basis of developed and approved terms of reference, a tender for drafting a preliminary feasibility study will be announced. The participants also agreed to explore the prospects of setting up a joint venture to implement the project,’ the Kazakh ministry added.
