Baku: The ‘Caspian-Black Sea-Europe’ Green Energy Corridor, which will be commissioned in phases from 2032, is set to provide Italy with significant benefits in terms of electricity transmission to the European market, announced Energy Minister Parviz Shahbazov. This statement was made during the 6th meeting of the Azerbaijan-Italy Intergovernmental Commission on Economic Cooperation, as reported by APA-Economics.
According to Azeri-Press News Agency, Minister Shahbazov highlighted the involvement of Italy’s CESI SpA company, which is currently acting as Azerbaijan’s advisory partner. The company is aiding in the preparation of feasibility studies for not only the ‘Caspian-Black Sea-Europe’ project but also the ‘Central Asia-Azerbaijan’ green energy corridor.
The minister underscored the importance of these projects in strengthening the strategic energy partnership between Azerbaijan and Italy, marking a significant step in their cooperative efforts in the energy sector.