Shahbazov: ADB, AIIB allocate $2M for Caspian Green Energy Corridor study

The Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) have allocated $2 million in technical assistance to fund a feasibility study for the Caspian Green Energy Corridor project, Azerbaijan’s Energy Minister Parviz Shahbazov announced at a press conference.

He recalled that the agreement to develop a Central Asia–Azerbaijan green energy corridor via the Caspian Sea was signed during COP29 in November 2024.

“Today, a decision was made to fund the feasibility study. Three countries have signed an agreement with ADB and AIIB for the provision of $2 million in technical assistance,” Shahbazov said.