World Bank Ready To Support Green Energy Exports From Central Asia To EU (Exclusive)
Date
12/16/2024 12:10:17 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, December 16. The World Bank
has expressed its willingness to support projects aimed at
exporting green energy from Kazakhstan, Uzbekistan, and Azerbaijan
to the European Union, provided these initiatives demonstrate
economic feasibility, said Dmitry Petrin, Regional Project
Coordinator at the World Bank's Central Asia office, shared this
insight with Trend
during the Eurasian Development bank (EDB) session.
"The World Bank is fully committed to supporting green energy
and energy trade initiatives. We are actively engaged in projects
across Central Asia, including efforts to create a regional energy
trade market," Petrin stated.
However, he emphasized the importance of thorough economic
evaluations. "We are ready to conduct these assessments if formal
requests come from the countries interested in these projects," he
noted.
Petrin also highlighted that the World Bank prioritizes projects
driven by client countries' needs. "Our clients' interests are
paramount as long as they align with the Bank's objectives. Green
energy development is a crucial focus for Central Asia," he
added.
Notably, during COP29, Azerbaijan, Kazakhstan, and Uzbekistan
signed a high-level intergovernmental agreement to establish a
strategic partnership for the development and transmission of green
energy, marking a significant step forward in regional
collaboration on sustainable energy initiatives.
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