Tokayev: Azerbaijan, Kazakhstan, and Uzbekistan launch Green Energy transmission project

Kazakhstan, in collaboration with Azerbaijan and Uzbekistan has commenced work on a large-scale project to construct a green energy transmission line across the Caspian Sea, aimed at supplying the European Union (EU) market.

Speaking at the "Central Asia – European Union" summit, Kazakh President Kassym-Jomart Tokayev outlined the initiative, Caliber.Az  reports per Kazakh media sources.

Tokayev reaffirmed Kazakhstan's role as a reliable supplier of hydrocarbons to Europe. "Our country accounts for around 13% of the EU's total oil imports, the majority of which is transported via the Caspian Pipeline Consortium (CPC). We highly value the EU’s support for the stable and long-term operation of the consortium, while also developing alternative routes for raw material transportation," he stated.

The president also highlighted Kazakhstan's commitment to renewable energy projects and clean fuels, including the expansion of wind and solar energy capacities.

Additionally, Kazakhstan is working alongside Uzbekistan and Azerbaijan on a major green energy transmission project, which will transfer renewable energy through the Caspian Sea, with plans to eventually supply European markets, Tokayev explained.

Kazakhstan, he noted, produces 19 out of the 34 raw materials needed by the EU economy, including uranium, titanium, copper, lithium, cobalt, tungsten, and more.

"Through our agreement with the EBRD, we are also involved in joint projects in geological exploration and the implementation of advanced, sustainable practices in the mining sector," Tokayev said. "Kazakhstan plays a key role in the production of clean energy, supplying approximately 40% of the world's nuclear fuel," he added.

By Aghakazim Guliyev