Friday, 04 April 2025 16:17

Memorandum of Understanding was signed on Azerbaijan-Georgia-Türkiye-Bulgaria Green Energy Corridor

Within the Southern Gas Corridor and Green Energy Advisoy Council, 2nd Ministerial Meeting on Green Electricity Transmission and Trade Project between Azerbaijan, Türkiye, Georgia and Bulgaria was held in Baku.

Azerbaijan was represented by Energy Minister Parviz Shahbazov, Georgia by Deputy Minister of Economy and Sustainable Development Vakhtang Tsintsadze, Türkiye by Minister of Energy and Natural Resources Alparslan Bayraktar, Bulgaria by Minister of Energy Zhecho Stankov. The importance of building an interregional green energy infrastructure in ensuring energy security and the role of projects promoting broad cooperation in the transportation of Azerbaijan's rich renewable energy resources were emphasized at the meeting. The importance of the new green interconnector and the steps to be taken to implement the project were discussed. "Memorandum of Understanding on cooperation in the field of green electricity transmission and trade was signed between the Ministry of Energy of the Republic of Azerbaijan, the Ministry of Economy and Sustainable Development of Georgia, the Ministry of Energy and Natural Resources of the Republic of Türkiye and the Ministry of Energy of the Republic of Bulgaria."

The document includes cooperation between the four countries on the development of joint investment projects, the development of electricity infrastructure, as well as the integration process into the ENTSO-E system in order to increase the potential for green electricity transmission and trade. 

“Caspian Energy Media” reports with reference to the Ministry of Energy.

 

 

 

Read 22 times Last modified on Friday, 04 April 2025 12:22

 

NEWS