Georgian Economy Minister Levan Davitashvili on Tuesday emphasised the need for “more active and accelerated steps” to implement the Black Sea submarine cable project that aims to create a new transmission route to deliver green energy from the South Caucasus to Europe.
Davitashvili made the comments at the 8th ministerial session on the project.
“Georgia is proud to play the main role in this project. After the first ministerial meeting, significant work was done to implement this project. According to the full feasibility study, the project is promising and technically and economically feasible. This means that our efforts were fruitful and our next steps should be even more active and accelerated”, he told the session in Bucharest.
The Minister emphasised the importance of strategic partnership between Georgia, Azerbaijan, Romania and Hungary - the signatory countries of the project - in green energy development and transmission, highlighting the project as a “pivotal aspect” of this partnership.
Davitashvili highlighted an agreement signed during the ministerial for the creation of a joint venture involving the transmission system operators of four countries, saying the deal represented the commitment of the parties to make the green energy corridor project “successful”.
“With our cooperation, we can create a more sustainable and successful future for our countries and beyond”, he said.
During the meeting, ministers of the four countries and a representative of the European Commission signed an amendment protocol to the agreement on strategic partnership for green energy development and transmission between Azerbaijan, Georgia, Romania and Hungary.
