Uzbekistan, Kazakhstan and Azerbaijan signed a founding agreement as part of the project of a Green Power Corridor to Europe, the press service of the Ministry of Energy said.
The deal was signed by the operators of the main power grids of the three countries – Azerbaijan’s Azerenerji, Kazakhstan’s KEGOC and the National Electric Grids of Uzbekistan – via video conference call on December 27.
The document is eyed at implementing the agreement entered into by the leaders of the three countries on November 13, as well as expanding the opportunities for trading with power, taking into account new initiatives, such as the European Union’s Green Deal (a plan to achieve zero greenhouse gas emissions and total environmental pollution by 2050).
The parties announced a joint venture in Baku (Azerbaijan) to implement the project. The Italian company CESI has been hired as consultant and develop a feasibility study for the project.