ASIATODAY.ID, BAKU – The Asian Development Bank (ADB), together with the Asian Infrastructure Investment Bank (AIIB) and the energy ministries of Azerbaijan, Kazakhstan, and Uzbekistan, has officially signed a Memorandum of Understanding (MOU) to support the Feasibility Study for the Caspian Green Energy Corridor Project. This landmark initiative is part of ADB’s regional technical assistance, aiming to accelerate clean energy cooperation across Central Asia.
This strategic MOU establishes a comprehensive framework for regional collaboration, focusing on the development of strong institutional and legal mechanisms that will enable seamless cross-border electricity trade between Azerbaijan, Kazakhstan, and Uzbekistan. The Caspian Green Energy Corridor is set to become a critical infrastructure project that will boost energy security, support green energy trade, and drive sustainable economic growth among Central Asia Regional Economic Cooperation (CAREC) member countries.
“The Caspian Green Energy Corridor initiative is a strategic priority for our member countries and ADB,” said Yevgeniy Zhukov, ADB Director General for Central and West Asia, April 05, 2025.
“It directly aligns with our mission to foster cross-border cooperation on clean energy infrastructure while addressing regional energy challenges. This MOU marks a significant step toward realizing this transformative vision.”
The project will facilitate the integration of national power systems and create a dedicated green energy corridor for the transmission and trade of renewable energy. One of its key ambitions is to enable the delivery of clean energy from the Caspian region to Europe through the Black Sea Cable — positioning Central Asia as a vital hub for global green energy supply.
This initiative reinforces ADB’s commitment to promoting sustainable development, energy security, and regional integration. It also supports CAREC’s broader goal of fostering economic growth and reducing poverty through enhanced cooperation between its member countries. (AT Network)
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