News of Central Asia

News of Central Asia07.04.2025

Creating the Caspian Green Energy Corridor: ADB signs MOU with three Countries and AIIB

QAZAQ GREEN.  The Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB), and the energy ministries of Azerbaijan, Kazakhstan, and Uzbekistan signed a Memorandum of Understanding (MOU) to support the Feasibility Study for the Caspian Green Energy Corridor Project. The initiative is part of ADB’s regional technical assistance for the project.

The MOU establishes a high-level framework for cooperation, focusing on the development of a robust institutional and legal framework to facilitate cross-border electricity trade among Azerbaijan, Kazakhstan, and Uzbekistan. The Caspian Green Energy Corridor project aims to bolster regional energy cooperation and promote green energy trade among most of the Central Asia Regional Economic Cooperation Program (CAREC) member countries.

"The Caspian Green Energy Corridor initiative is a strategic priority for three countries, as well as ADB, as it directly advances our core mission of fostering cross-border cooperation on clean energy infrastructure while simultaneously addressing multiple regional challenges,” said ADB Director General for Central and West Asia Yevgeniy Zhukov. “The MOU signing is a defining moment in our collaboration and sets the foundation for deeper cooperation between Azerbaijan, Kazakhstan, and Uzbekistan, and the two multilateral partners—ADB and AIIB—ensuring a structured and coordinated approach as we move forward. It reflects our collective commitment to turning this vision into a transformative regional initiative."

The project will involve the interconnection of energy systems and the establishment of a green corridor for renewable energy transmission and trade. It envisions comprehensive transmission of green energy from the Caspian region to Europe via the Black Sea Cable. The initiative aligns with ADB's mission to support sustainable development and regional cooperation, promoting energy security, sustainability, and economic development in the region.

CAREC is a partnership of Afghanistan, Azerbaijan, the People’s Republic of China, Georgia, Kazakhstan, the Kyrgyz Republic, Mongolia, Pakistan, Tajikistan, Turkmenistan, Uzbekistan, and development partners working together to promote development through cooperation, leading to accelerated economic growth and poverty reduction.

ADB is a leading multilateral development bank supporting sustainable, inclusive, and resilient growth across Asia and the Pacific. Working with its members and partners to solve complex challenges together, ADB harnesses innovative financial tools and strategic partnerships to transform lives, build quality infrastructure, and safeguard our planet. Founded in 1966, ADB is owned by 69 members—49 from the region.

 

04.07.2025
IRENA accepting renewable energy project proposals in Central Asia until August 15
03.07.2025
Astana to host Electronica Expo Kazakhstan Electronics Exhibition
02.07.2025
WB gives rundown of Azerbaijan's green energy grid volume prospects
02.07.2025
US solar sets new records as renewables nearly match natural gas – EIA
30.06.2025
‘Wings’ on poles: Bill Gates-backed breakthrough wind turbine facility breaks ground
30.06.2025
Perovskite tandem solar cell achieves new efficiency record
27.06.2025
Kazakhstan and China endorse draft SCO joint statement on sustainable energy development
27.06.2025
Innovative research on organic solar cells for space applications
27.06.2025
Kazakhstan and Uzbekistan drive green energy progress in Central Asia
27.06.2025
KazMunayGas launches pilot green hydrogen project in Atyrau
26.06.2025
How private homeowners in Kazakhstan can make money from solar panels
26.06.2025
14 countries are investing in Kazakhstan's renewable energy sector through auctions
25.06.2025
How green hydrogen could transform Kazakhstan’s energy sector
25.06.2025
IKEA offers ready-to-use solar power systems for balconies
25.06.2025
Adani commissions India’s first off-grid green hydrogen pilot plant
25.06.2025
Tajikistan unveils green energy roadmap at international conference in Dushanbe
24.06.2025
Hydropower projects selected through KOREM Auction in Kazakhstan
24.06.2025
EU reaches political deal to simplify CBAM
24.06.2025
New research could unlock the potential of bladeless wind turbines
24.06.2025
Uzbekistan to launch 16 renewable energy facilities by the end of 2025