Caspian Power Trio Aims to Electrify the European Union

Caspian Power Trio Aims to Electrify the European Union

OilPrice.com

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Economic integration efforts among CentralAsian-Caspian Basin states are gaining momentum. Azerbaijan, Kazakhstan and Uzbekistan are developing a green energy plan to link their power grids with an eye towards exporting electricity to the European Union. The energy ministers of the three countries announced the signing of a memorandum of understanding in early May to explore their joint electricity export potential by harnessing mainly wind and solar power. Kazakhstan is also aiming to boost its hydropower generating capacity. In outlining cooperation…

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