Zeynalov: Documents on creation of JV for CA-Azerbaijan energy corridor project to be signed in July

Documents will be signed in Baku in July on the creation of a joint venture to implement the Central Asia-Azerbaijan green energy corridor project, Deputy Minister of Energy of Azerbaijan Orkhan Zeynalov said in an interview with European media, Report informs.

The second green energy project – the Central-Asia-Azerbaijan Corridor – is strategically important from the political, economic, and energy security point of view, Zeynalov said. He reminded that a strategic partnership agreement on the development and transmission of green energy between the Azerbaijani, Kazakh and Uzbek governments was signed by the leaders of the three countries on November 13, 2024, at the COP29 climate conference.

“We have great interest from the Saudi Arabia side. The Saudi electricity company has signed with the three countries the initial memorandum of interest on the project, particularly the transmission component, and the joint venture for the project will be headquartered in Baku. Next month, the JV documents will be signed in Baku. So, feasibility is also starting soon and most importantly there is a good potential to connect this corridor with the Caspian Sea-Black Sea so we can talk about a larger inter-connected corridor starting all the way from Central Asia all the way to Europe,” he said.