Energy & Infrastructure · 9 October 2026
According to Gazeta.uz, the Asian Infrastructure Investment Bank has secured a 1 million dollar grant for the first phase of the feasibility study for the Caspian Green Energy Corridor project, which is planned to connect the power systems of Uzbekistan, Kazakhstan, and Azerbaijan. The funding is provided by the Multilateral Cooperation Center for Development Finance Finance Facility under an agreement signed with the government of Azerbaijan.
The project involves laying a 400 km subsea power cable between Kazakhstan and Azerbaijan across the Caspian Sea, while Uzbekistan will connect through onshore grids to enable future renewable power deliveries to Europe. The Asian Development Bank will provide an additional 1 million dollars in technical assistance, bringing total study support to 2 million dollars.
A separate agreement provides a 100 thousand dollar grant to develop a coastal infrastructure concept for offshore wind power in Azerbaijan. In July 2025, National Electric Grids of Uzbekistan, KEGOC, and Azerenerji formed the Green Corridor Alliance joint venture, and Uzbekistan plans to export surplus green power to Europe starting in 2030.
All newsAccording to Spot.uz, a mobile data center previously owned by Turkiston Bank has been put up for sale through the E-auksion platform. The asset is being sold following a decision made by the bank creditors meeting in late October. Turkiston Bank went bankrupt in October 2022, and the economic court declared the credit institution bankrupt in February 2023.
According to Gazeta.uz, the 500 kV Koltsevaya substation was put into operation in Tashkent Region on 7 November. The facility will improve the reliability of power supply to the capital and parts of Tashkent Region, as well as more optimally distribute the load on existing electrical networks. The total cost of the project, implemented with the participation of the World Bank, amounted to 171.4 million US dollars, according to the press service of the Ministry of Energy of Uzbekistan.
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