Wealth Pakistan International Desk
ASTANA, Oct 23 (Kazinform) — Kazakhstan and Azerbaijan are advancing plans to construct a green-energy transmission cable beneath the Caspian Sea, linking the two countries through a major renewable-energy corridor. The project aims to strengthen regional energy cooperation and promote carbon-neutral growth.
Banks back new cross-Caspian energy link
Kazakh Energy Minister Yerlan Akkenzhenov said the partnership covers both oil transport through the Baku-Tbilisi-Ceyhan route and development of the new power link under the seabed.
“Cooperation with Azerbaijan is primarily focused on energy. It includes oil transportation via the Baku-Tbilisi-Ceyhan route and laying a green-energy cable along the Caspian seabed,” he told reporters.
According to Akkenzhenov, two international banks, including the Asian Development Bank (ADB), have already allocated funding for the project. “We will know the final cost later and then make a decision,” he added.
Expanding regional cooperation
The undersea-cable plan forms part of wider Kazakhstan–Azerbaijan cooperation in energy, transport, and digital infrastructure.
Earlier, Azerbaijani President Ilham Aliyev visited Kazakhstan, where he and President Kassym-Jomart Tokayev oversaw the signing of 15 agreements covering energy, logistics, digitalization, artificial intelligence, industrial safety, healthcare, and cultural exchanges.
These accords highlight both countries’ shared goal of deepening regional connectivity and promoting sustainable energy transition across the Caspian region.
Economic and environmental benefits
Experts say the proposed green-energy cable will diversify Central Asia’s export routes and encourage cross-border renewable-energy trade. It will also attract foreign investment and strengthen the reliability of regional power grids.
The initiative supports Kazakhstan’s aim to reach carbon neutrality by 2060 and complements Azerbaijan’s drive to expand renewable-energy capacity in partnership with regional and international organizations.
Both governments view the project as a model for future clean-energy cooperation in Eurasia, balancing economic growth with environmental responsibility.
This story was originally published by Kazinform News Agency.