Building Central Asia’s Energy Future: Lessons from Norway’s Electricity Market

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00:04 A regional electricity market can strengthen Central Asia's energy security,

00:09 accelerate its clean energy transition,

00:12 and meet growing demand at lower cost

00:15 while supporting domestic and regional economic growth.

00:19 Key stakeholders from Central Asia came to Oslo,

00:22 Norway

00:23 to learn from one of the world's leading electricity markets.

00:27 We are very happy to have hosted the Central Asian parties here in Oslo to show them

00:32 some of our experiences with the European electricity

00:35 market and sharing some of the experiences from the

00:38 Southern African Power pool,

00:39 and we hope that the Central Asian parties can

00:42 take this with them back home.

00:44 Apply these lessons learned in their own countries.

00:47 There is definitely value and benefit in cross-border energy trading.

00:51 Firstly,

00:52 to take advantage of the diversified

00:54 energy mix across the countries to ensure that there is adequacy of supply

01:00 across the region.

01:01 It also points out where investment is needed,

01:05 particularly in terms of

01:06 transmission and generation projects.

01:09 Over the course of the tour,

01:10 delegates engaged with leading experts on

01:13 critical aspects of electricity market design,

01:17 including market transparency,

01:18 regulatory frameworks,

01:20 and cybersecurity.

01:22 We are doing a conference together with the World Bank,

01:24 so I am

01:25 very happy that we are able to share our experience with

01:28 the new regions and we wish the best of luck to establish

01:32 an exchange.

01:34 Close cooperation between different areas and utilizing the system in the best

01:39 way.

01:40 The World Bank is playing a crucial role in the

01:42 development of the energy sector of all Central Asian countries,

01:46 and the development of Central Asian power market is

01:49 one of the key aspects in this development.

01:59 Ma.

02:24 As the tour concluded,

02:37 participants reflected on the valuable lessons learned

02:40 and the path ahead for Central Asia's regional electricity market.

02:45 The Central Asia

02:46 remit project aims to create a regional energy market

02:50 through which to ensure the energy security

02:53 and accelerate the clean energy transition.

02:56 This would also elevate the regional cooperation to a new level.

03:00 The current experience exchange event is a major step towards

03:05 building the institutional knowledge and technical expertise

03:09 to make this vision a reality.

03:14 through cooperation and shared knowledge,

03:14 Central Asia is poised to unlock the potential of a regional electricity market,

03:36 improving energy security,

03:38 driving economic growth,

03:40 and advancing the clean energy transition.

03:43 The World Bank and its partners will continue to support the region

03:47 as it embarks on this ambitious and transformative journey.

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A regional electricity market can strengthen Central Asia's energy security, accelerate its clean energy transition, and meet growing demand at lower cost while supporting domestic and regional economic growth. Key stakeholders from Central Asia came to Oslo, Norway to learn from one of the world's leading electricity markets. We are very happy to have hosted the Central Asian parties here in Oslo to show them some of our experiences with the European electricity market and sharing some of the experiences from the Southern African Power pool, and we hope that the Central Asian parties can take this with them back home. Apply these lessons learned in their own countries. There is definitely value and benefit in cross-border energy trading. Firstly, to take advantage of the diversified energy mix across the countries to ensure that there is adequacy of supply across the region. It also points out where investment is needed, particularly in terms of transmission and generation projects. Over the course of the tour, delegates engaged with leading experts on critical aspects of electricity market design, including market transparency, regulatory frameworks, and cybersecurity. We are doing a conference together with the World Bank, so I am very happy that we are able to share our experience with the new regions and we wish the best of luck to establish an exchange. Close cooperation between different areas and utilizing the system in the best way. The World Bank is playing a crucial role in the development of the energy sector of all Central Asian countries, and the development of Central Asian power market is one of the key aspects in this development. Ma. As the tour concluded, participants reflected on the valuable lessons learned and the path ahead for Central Asia's regional electricity market. The Central Asia remit project aims to create a regional energy market through which to ensure the energy security and accelerate the clean energy transition. This would also elevate the regional cooperation to a new level. The current experience exchange event is a major step towards building the institutional knowledge and technical expertise to make this vision a reality. through cooperation and shared knowledge, Central Asia is poised to unlock the potential of a regional electricity market, improving energy security, driving economic growth, and advancing the clean energy transition. The World Bank and its partners will continue to support the region as it embarks on this ambitious and transformative journey.

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