Kazakhstan is set to export green
energy to Europe, as announced by Energy Minister Almassadam Satkaliyev. The
country has entered into an agreement on cooperation in the development of alternative
energy sources and the transportation of clean electricity to prospective
markets alongside with Azerbaijan and Uzbekistan. The document signed during
the Tashkent International Investment Forum primarily entails implementing a
project to lay a joint high-voltage cable along the Caspian Sea bed. As noted
by Satkaliyev, Azerbaijani counterparts are now studying a project for laying a
similar cable along the Black Sea bottom. Overall, the countries aim to export
energy generated from renewable sources specifically to premium global markets.
“We are talking about a fairly
large amount of investment. The country is set to use around seven gigawatts,
and Uzbekistan - five gigawatts of power. We aim to utilize the wind energy
potential of the Caspian and Aral Sea regions for export deliveries. We have
now started to develop the feasibility study, according to which the
construction terms will be determined. We plan to obtain preliminary results
for the feasibility study by year-end,” said Satkaliyev.
