Caspian energy ring: Prospective vision

Abstract

This paper presents the results of a technical and economic optimization study of the prospects of the Caspian Energy Ring (CER), connecting power systems of Russia, countries of the Caucasus, Central Asia, and South Asia. The CER, belonging partly to the emerging Asian Supergrid and partly to the existing European Supergrid, will become a bridge connecting these supergrids, laying the foundation for forming a global energy interconnection in the long term. The expansion of carbon-free renewable and nuclear facilities, low-carbon gas-fired power plants, and traditional thermal and hydro energy sources within the CER were considered in this study. The positive economic benefits of the creation of the CER are presented. Preliminary characteristics of the potential CER were also estimated.