Kazakhstan and EU to Enhance Cooperation on Green Energy
Kazakhstan has signed memoranda of cooperation with the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) to boost investment in renewable energy, hydropower, and power grid modernization.
The agreements were signed on October 10 during the Global Gateway Forum in Brussels, where Kazakhstan's Minister of Energy, Yerlan Akkenzhenov, met with EU officials and heads of major financial institutions.
The memoranda aim to mobilize European capital for strategic regional projects, including the Kambarata-1 Hydropower plant and renewable energy initiatives across Central Asia, as reported by the Ministry of Energy press service.
The signed memoranda will help expand investment in renewable energy, hydropower, and power grid modernization.
Author's summary: Kazakhstan and EU collaborate on green energy projects.
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