Kazakhstan, Azerbaijan, Uzbekistan Start Developing Feasibility Study For Energy Connectivity Project

(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 energysystems 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 energyfrom Azerbaijan, Kazakhstan, and Uzbekistan.


Trend News Agency

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