(MENAFN- Trend News Agency) BAKU, Azerbaijan, May 10. Kazakhstan,Azerbaijan, and Uzbekistan have embarked on developing afeasibility study for a project aimed at integrating their energy
systems and laying a high-voltage cable along the bottom of theCaspian Sea, said Kazakhstan's Minister
of Energy AlmassadamSatkaliev during a briefing, Trend reports.
"We've conducted preliminary discussions with EU countries,who've shown keen interest in acquiring clean electric power, Kazakhstan, and Uzbekistan have inked an agreement tolay a high-voltage cable along the Caspian Sea bed, allowing us tosupply clean renewable
energy
to lucrative markets. This entails asubstantial investment," he remarked.
The minister elaborated that the project entails harnessing thewind potential of the Caspian Zone and the Aral Zone for exportingelectricity.
"We're currently delving into the technical and economicgroundwork of the project, and based on this, constructiontimelines will be mapped out. We aim to have preliminary resultsfrom the feasibility study by year-end," added Satkaliev.
Meanwhile, ministers of energy
of Kazakhstan, Azerbaijan, andUzbekistan signed a memorandum of cooperation on theinterconnection of the energy
systems of the republics within theframework of the Tashkent International Investment Forum on May1.
The signed memorandum's purpose is to define the basicconditions of cooperation within the project's framework on theinterconnection of energy
systems in Azerbaijan, Kazakhstan, andUzbekistan.
The document assumes that the participants intend to investigatethe possibilities of connecting energy
systems by laying ahigh-voltage cable along the Caspian Sea bed and in other countrieswith the implementation of the most optimal trade in green energy
from Azerbaijan, Kazakhstan, and Uzbekistan.
MENAFN11052024000187011040ID1108200169
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.