Georgia, Azerbaijan, Hungary, and Romania have officially signed an agreement in Bucharest to establish a joint venture focused on the construction of a 1,200-kilometer-long electric cable across the Black Sea.
This cable will connect Georgia and Romania, with the project expected to be operational by 2030. The joint venture, which will be headquartered in Romania, was formalized by the transmission system operators of the four countries, with the agreement signed by Giorgi Gigineishvili, the General Director of JSC Georgian State Electric System. Georgian Minister of Economy Levan Davitashvili participated in the event.
The project aims to facilitate the supply of electricity from Romania to Hungary and subsequently to Western European countries, strengthening energy ties between these nations and contributing to the development of green energy infrastructure in the region.
