BAKU, Azerbaijan, October 29. The Green
Corridor Alliance JV and Emirates Utilities Development Company
(EUDC) of the UAE discussed prospects for cooperation in the fields
of energy infrastructure, renewable energy, and cross-border
investments.
This was reported by Tural Aliyev, CEO of the Green Corridor
Alliance JV, on his LinkedIn page.
According to him, the meeting took place with the assistance of
the Azerbaijan Export and Investment Promotion Agency (AZPROMO). It
is noted that the EUDC delegation, a development and infrastructure
division of Etihad Water and Electricity (Etihad WE), was led by
CEO Mohammed Al Shehhi.
The post emphasizes that during the meeting, Aliyev presented
the mission and strategic goals of the Green Corridor Alliance JV,
placing particular emphasis on regional energy interconnectivity,
cross-border cooperation, and the development of green energy
infrastructure.
“We also explored potential areas of cooperation in the fields
of energy infrastructure, renewable energy, and cross-border
investments, including opportunities of interest to Central
Asia.
In addition, we discussed opportunities for joint initiatives
and potential formats for cooperation, including public-private
partnership (PPP) models. These opportunities were explored in a
bilateral format with a focus on identifying common interests and
prospects for further cooperation,” the publication states.
On April 4, 2025, Azerbaijan, Kazakhstan, and Uzbekistan, with
the support of the Asian Development Bank (ADB) and the Asian
Infrastructure Investment Bank (AIIB), 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 called the “Green Corridor Alliance,”
headquartered in Baku, has been established to manage the project.
The feasibility study is being conducted with financial support
from the Asian Development Bank (ADB) and the Asian Infrastructure
Investment Bank (AIIB).
