BAKU, Azerbaijan, April 2. The Bulgarian
government has approved a draft memorandum of understanding between
the energy ministries of Bulgaria, Azerbaijan, Georgia, and Türkiye
to cooperate on green electricity transmission and trade, Trend reports.
The country’s Council of Ministers announced the decision.
Under the memorandum, the four countries will work together on
joint renewable energy projects, infrastructure development,
knowledge and technology exchange, and other mutually beneficial
initiatives.
Their energy ministries will also support collaboration between
public and private entities to explore opportunities for upgrading
interconnection infrastructure and expanding electricity
transmission and trade. The agreement outlines plans to improve
energy infrastructure and increase the use of renewable energy
sources.
The memorandum will be in effect for three years, with an option
for automatic renewal unless one of the parties decides to
terminate it.