Energo: Azerbaijan, Kazakhstan and Uzbekistan join forces to power Europe

The energy component of the Trans-Caspian and Middle Corridors are expanding, not only through oil and gas but also through green energy. In early May, a very important document was signed in Tashkent: a memorandum of cooperation in the field of integrating the power systems of Azerbaijan, Kazakhstan and Uzbekistan. The three countries have joined forces to produce green energy and exporting it to Europe.

The memorandum implies that the parties intend to explore the possibilities of connecting their power systems by laying a high-voltage cable along the bottom of the Caspian Sea and through the territories of other countries to enable optimal technical and economic trade of green energy produced in Azerbaijan, Kazakhstan and Uzbekistan.

A project technical specification for laying a deep-sea cable along the Caspian seabed has already been developed. Within the framework of this specification, a proposed business model for the development of international transmission corridors (financing, revenue stream, and ownership) will be created for selling green energy to EU member states. This project forms the basis of the memorandum of cooperation on the inter-system connection of the energy systems of the three countries.