Azerbaijan, Kazakhstan and Uzbekistan sign MoU on linking power grids

By bne IntelliNews May 4, 2024

Azerbaijan, Kazakhstan and Uzbekistan have inked a memorandum of understanding (MoU) on linking their power grids, AsiaPlus has reported, citing Azerbaijani media reports and social media posts by Azerbaijani Minister of Economy Mikayil Jabbarov.

The agreement was formalised after a meeting of the three countries' ministers of economy and energy in the capital of Uzbekistan, Tashkent, on May 1. By integrating their grids, the three countries hope to more effectively produce and consume renewable energy resources, Jabbarov noted in a post on X.

“During the trilateral meeting of Economy and Energy Ministers from Azerbaijan, Uzbekistan, and Kazakhstan, held as part of our working visit to Uzbekistan, we signed the Memorandum of Understanding on Merging the Energy Systems of Azerbaijan, Kazakhstan, and Uzbekistan,” Jabbarov wrote.

“The implementation of this document will catalyse our collective goals, particularly focusing on the production and export of green energy to Europe through Azerbaijan's territory, the integration of energy systems, and the effective utilisation of renewable resources,” the minister said.

 
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Uzbekistan records 9.6% gain in tourist arrivals, welcomes 2.8mn visitors in 5M24

Uzbekistan welcomed 2.8mn foreign tourists from January to May, marking a 9.6% y/y increase, ... more

Uzbekistan's 5M24 foreign trade up 3% to $26.7bn, deficit stands at $5bn

Uzbekistan's foreign trade turnover reached $26.7bn in 5M24 on a 3.0% y/y expansion, the Statistics Agency of Uzbekistan has ... more

World Bank allocates $13.6mn as early-stage funding for project to build $5bn Kambarata hydro plant

The World Bank plans to allocate $13.6mn to Kyrgyzstan as additional technical support funding for the construction of Kambarata Hydropower Plant 1 (Kambarata HPP 1) on Naryn river, ... more

Follow Us On

Most Read

  1. Dubai heatwave: Temperature feels like 62°C as scientists explain extreme conditions
    9 days ago
  2. Six out of nine “planetary boundaries” have been crossed and a tenth has appeared
    2 days ago
  3. How energy intensive are data centers?
    2 days ago
  4. Earth records hottest year since records began
    2 days ago
  5. Plants absorbing less carbon dioxide in 2023, accelerating global warming
    1 day ago
  1. Dubai heatwave: Temperature feels like 62°C as scientists explain extreme conditions
    9 days ago
  2. Russia overtakes Japan to become the fourth largest economy in the world in PPP terms
    1 month ago
  3. Global access to energy starts to fall for the first time in a decade, says IEA
    25 days ago
  4. LONG READ: The war in Ukraine is inching towards a ceasefire as pressures mount
    19 days ago
  5. Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
    3 months ago

Reports

Dismiss