ADB Signs MOU with AIIB, Azerbaijan, Kazakhstan, and Uzbekistan to Support Feasibility Study for Caspian Green Energy Corridor
Azerbaijan, April 7 -- The Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB), and the energy ministries of Azerbaijan, Kazakhstan, and Uzbekistan today signed a Memorandum of Understanding (MOU) to support the Feasibility Study for the Caspian Green Energy Corridor Project. The initiative is part of ADB's regional technical assistance for the project.The MOU establishes a high-level framework for cooperation, focusing on the development of a robust institutional and legal framework to facilitate cross-border electricity trade among Azerbaijan, Kazakhstan, and Uzbekistan. The Caspian Green Energy Corridor project aims to bolster regional energy cooperation and promote green energy trade among most of the Central A...
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