About Us
What is CAREC Energy?
CAREC Energy supports its member countries in achieving their shared vision of a reliable, sustainable, resilient, and reformed energy market by 2030. The CAREC Energy Program specifically aims to improve energy security in Central Asia by enhancing regional energy connectivity, scaling up investments and trade, and achieving greater sustainability and inclusiveness in the energy sector. The program’s main guiding framework is the CAREC Energy Strategy 2030 which contains a work plan with concrete deliverables to achieve the shared 2030 goals. The Strategy Implementation Tracker provides a live update on the progress made to date.
Institutional Setup
CAREC Presidency 2022 – The People’s Republic of China
The CAREC Program is chaired by its member countries. Every year, one country assumes the overall Presidency of the Program and leads the program activities. In 2022, the CAREC Program is chaired by the People’s Republic of China (PRC). PRC joined the CAREC Program in 1997 and promotes greater connectivity as a way to drive growth and reduce poverty in Eurasia’s vast landlocked interior. As the PRC works together with CAREC partners, increased trade is creating more jobs and economic opportunities for all CAREC countries. As of 2019, CAREC has invested more than $1.56 billion in the PRC. The projects are improving policies and infrastructure promoting connectivity between CAREC countries and global markets. The CAREC Presidency rotates on an annual basis and in alphabetical order. The next country chairing the program will be Georgia through the calendar year 2023.
CAREC members:
Azerbaijan
People's Republic of China
Georgia
Kazakhstan
Kyrgyz Republic
Mongolia
Pakistan
Tajikistan
Turkmenistan
Uzbekistan
Institutional Setup
CAREC Energy Team
Martin Sommerseth Jaer
Asian Development Bank
Areg Barseghyan
Asian Development Bank
Maricon V. Algara
Asian Development Bank
Almagul Yeskendirova
