Azerbaijan, Kazakhstan, Uzbekistan To Sign Strategic Partnership Agreement On Green Energy At COP29
Date
10/18/2024 2:02:38 AM
(MENAFN- AzerNews)
Akbar Novruz
Read more
An "Intergovernmental Agreement between Azerbaijan, Kazakhstan,
and Uzbekistan on strategic partnership in the field of development
and transmission of green energy" will be signed during the 29th
session of the conference of the Parties to the UN Framework
Convention on Climate Change (COP29), Azernews
reports.
In an article published in the "Azerbaijan newspaper",
Azerbaijan's Minister of Energy, Parviz Shahbazov, stated that this
agreement marks a significant milestone in the creation of a new
energy corridor initiative that begins in Central Asia. "One of the
tasks ahead is the creation of a joint venture with headquarters in
Baku. The signing of the Intergovernmental Agreement between
Azerbaijan, Kazakhstan, and Uzbekistan on strategic partnership in
the field of development and transmission of green energy is among
our plans for COP," Shahbazov explained.
He also emphasized ongoing discussions about connecting the
Caspian-Black Sea-Europe "Green Energy Corridor" to Central Asia,
further enhancing the region's role in global clean energy
supplies.
The draft Agreement highlights the parties' intentions to
organize the delivery of "clean energy" to Europe and other
regions, to implement new technologies, and to develop energy
efficiency and energy-saving services. The agreement will be signed
for an indefinite period, reflecting a long-term commitment to
collaboration.
This development follows the signing of a Memorandum of
Cooperation between the energy ministers of Kazakhstan, Azerbaijan,
and Uzbekistan on May 1, 2024. The memorandum, signed during the
Tashkent International Investment Forum, outlines the
interconnection of the energy systems of the three republics by
laying a high-voltage cable through the Caspian Sea, creating an
optimal trade route for green energy from Azerbaijan, Kazakhstan,
and Uzbekistan.
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