BAKU, Azerbaijan, October 6. The next meeting
of ministers from countries participating in the Green Energy
Corridor project is scheduled for late November in Romania, Green
Energy Corridor Power Company (GECO) CEO Yusif Gayibov said at the
Azerbaijan-Germany Conference on Strategic Partnership and
Connectivity in Baku today, Trend's correspondent reports.


According to him, the Green Energy Corridor differs from other
renewable energy projects through the strategic partnership between
four countries, a dedicated company with its own team and budget,
and a high-level coordination mechanism. "Hungary, Romania,
Georgia, and Azerbaijan have established a strategic partnership,
within which the joint Green Energy Corridor company was created.
It has been operating since 2024. It has its own team, budget, and
all the necessary resources to implement this project," Gayibov
said.


He also highlighted the importance of project management and
commitment from the participating countries. "Over the past four
years, our ministers, including the current ones, have met 12
times. The next meeting is scheduled for the end of November," the
GECO CEO added.


According to Gayibov, such meetings ensure high-level support
from decision-makers and provide an opportunity to discuss
challenges and problems and find ways to address them. "This is a
complex project involving many stakeholders and countries," he
said.


Gayibov emphasized that the project brings together four
countries that had never previously been connected through
electricity transmission. "These are factors that create additional
incentives for implementing this project," he said.


According to him, the project requires support from various
stakeholders, including banks, companies, international financial
institutions, and the private sector. "There are risks that can
also be shared. Therefore, you can also take on a certain
responsibility for implementing this important project," Gayibov
noted.







He cited another factor distinguishing the project - the
presence of both a center of demand and resources within the same
project. "On the one hand, electricity can be generated at a lower
cost, while on the other hand, there is demand for this
electricity, for green electricity, in our region. These factors
distinguish our project from others," he said.


The Azerbaijan-Germany Conference on Strategic Partnership and
Connectivity is being held in Baku and organized by the
German-Azerbaijani Chamber of Commerce (AHK Azerbaijan).
Representatives of government institutions from Germany and
Azerbaijan, business circles, and international financial
institutions are participating in the event.


The conference focuses on mobilizing financing for
infrastructure, transport, logistics, green energy, and
digitalization along the Middle Corridor.


The program also includes panel discussions and B2G roundtables
on the development of the Middle Corridor, investment attraction,
green energy, public-private partnerships, digital transformation,
and cybersecurity. The conference aims to expand German-Azerbaijani
economic cooperation and develop new partnerships in
infrastructure, energy, transport, logistics, and
digitalization.