BAKU, Azerbaijan, October 7.
Green Corridor Alliance board reviewed the joint venture’s budget
and ongoing operations in Baku, General Director Tural Aliyev said
in a LinkedIn post.
According to the post, key priorities for the
upcoming period were reviewed, and steps necessary for the
effective implementation of current work were discussed.
"The Green Corridor Alliance is a joint venture established by
Azerenergy OJSC (Azerbaijan), KEGOC JSC (Kazakhstan), and National
Electric Grids of Uzbekistan JSC. The initiative stems from the
Agreement on Strategic Partnership in the Field of Green Energy
Development and Transmission, signed by the presidents of
Azerbaijan, Kazakhstan, and Uzbekistan at COP29 in Baku on November
13, 2024. The founding agreement for the Green Corridor Alliance
was signed on December 27, 2024, and the joint venture is
headquartered in Baku," the post said.
Aliyev thanked the board members and partners for their
continued commitment and constructive cooperation.
On April 4, 2025, Azerbaijan, Kazakhstan, and Uzbekistan, with
the support of the Asian Development Bank and the Asian
Infrastructure Investment Bank, announced the launch of the first
phase of the “Trans-Caspian Green Energy Corridor” initiative. As
part of the initiative, the countries signed a cooperation
agreement on the preparation of a feasibility study, which provides
for the integration of the three countries’ power systems and the
creation of a route for supplying renewable energy to Europe.
A joint venture, the Green Corridor Alliance, headquartered in
Baku, was established to manage the project. The project’s
feasibility study is being conducted with financial support from
the Asian Development Bank (ADB) and the Asian Infrastructure
Investment Bank (AIIB).
