Uzbekistan, Azerbaijan and Kazakhstan have set up a joint company, Green Corridor Union LLC, to implement the project of a green energy corridor to Europe, the National Electric Grids said.
On July 1, officials of the Azerenergy, the National Electric Grids of Uzbekistan and KEGOC (Kazakhstan) signed an agreement on the establishment and approval of the terms of association of the joint venture.
The implementation of the project will be important for ensuring the energy security of our countries, achieving our sustainable development goals and exporting green energy to Europe, the statement said.
The Deputy Energy Minister of Azerbaijan Elnur Soltanov emphasized the importance of the agreement on strategic partnership between the governments of the three countries in the field of development and transmission of green energy.
In November 2024, at the COP-29 in Baku, the presidents of Uzbekistan, Kazakhstan and Azerbaijan signed an agreement on strategic partnership in the field of development and transmission of green energy.
From 2030, Uzbekistan plans to export surplus green power generated in the country to Europe through Kazakhstan and Azerbaijan.
Azerbaijan seeks to lay a cable along the bottom of the Black Sea to connect Central Asia, the Caucasus, Europe, the Caspian and Black Seas with a single energy corridor.
The Uzbek Deputy Energy Minister Umid Mamadaminov, on the sidelines of the Days of the European Economy in Tashkent on November 6, said that in 2030, Uzbekistan would be able to export 10-15 billion kWh of power abroad.
It is projected that in 2030, the demand for power in Uzbekistan will be about 120-125 billion kWh. We have many generating facilities - approximately 135 billion kWh. All excess capacity will be exported to Europe as soon as the infrastructure is ready, he stressed then.
In August last year, the Energy Minister Jurabek Mirzamakhmudov said that the volume of power exports to European countries would depend on the cable capacity and the desire of partners. The head of the Ministry of Energy said that Uzbekistan fully covers its demand for power, and accordingly, the country is ready to supply 2 to 5 GW of energy to Europe.
