The energy ministers of the member-states of Central Asia Regional Economic Cooperation (CAREC) signed a joint declaration in Tashkent to develop and implement the CAREC-2030 common energy strategy, RIA Novosti reports.
The signing ceremony was held within the First Dialogue of Ministers of Energy of the CAREC member-states, held with the Asian Development Bank (ADB) participation.
The declaration consists of ten paragraphs and contains the commitments of the countries to the development of the common energy strategy for 2030 and cooperation in achieving the UN goal number seven in the field of sustainable development on “affordable and clean energy”. The declaration was signed ahead of the UN Sustainable Development Summit, to be held in New York on September 24-25, 2019.
The countries that signed the declaration pledged to double the generation of electricity from solar energy and wind energy by 2023 as well as implement reforms to create an investor-friendly regulatory framework to stimulate the private sector investment growth.
“Today, the governments of the Central Asian countries demonstrate great ambitions. We look forward to working with other countries of the CAREC region and international sources of capital to achieve our goals,” Alisher Sultanov, Minister of Energy of Uzbekistan, stated at the ceremony.
The CAREC Program is a partnership of countries – Turkmenistan, Afghanistan, Azerbaijan, Kazakhstan, China, Kyrgyzstan, Mongolia, Pakistan, Tajikistan, and Uzbekistan – supported by 6 multilateral international and financial institutions, including World Bank, European Bank for Reconstruction and Development, International Monetary Fund and the ADB. ADB serves as the CAREC Secretariat.
Turkmenistan is an energy self-sufficient state. The country is the region’s largest exporter of electricity and hydrocarbon energy resources: natural gas, oil, and products of their processing.