The Asian Development Bank (ADB) is planning to take part in the project of the undersea cable extending from Azerbaijan to the European Union through Georgia, the General Director of the bank’s Regional Department for Central and West Asia, Eugene Zhukov said in an interview with Report.
"We want to help the government [of Azerbaijan] to reach its goal of having 30% of energy produced fully from renewable sources by 2030. There is also ongoing discussion on the undersea cable extending from Azerbaijan to the European Union through Georgia. World Bank is providing coordinating role and providing technical assistance to prepare feasibility study. So once the approval of the concept is there, we'll be quite happy to participate in this project. We also noted a few days ago, three governments, Azerbaijan, Kazakhstan, Uzbekistan, signed an agreement or MoU for the underwater cable to connect the western part of Uzbekistan, Kazakhstan with Azerbaijan. So, it is about a so called green energy corridor," Zhukov said.
He also noted that ADB may also take part in the Azerbaijan-EU Green Corridor project.
"If the feasibility study shows that the idea is reasonable to undertake, we will be very much interested in discussing it with both Azerbaijan and Georgia participation in such project. I'm sure if it goes ahead, it will be a very large project. So I think there will be room for World Bank, ADB and others," he said.
https://report.az/en/energy/eugene-zhukov-adb-plans-to-participate-in-project-of-undersea-cable-through-georgia-to-eu/