The Georgian capital city of Tbilisi hosted the seventh Ministerial Meeting on the Development and Transmission of Green Energy between the governments Azerbaijan, Bulgaria, Georgia, Hungary and Romania this week.
It involved discussions on the development of the Black Sea submarine electricity cable project, intended to connect the grid of the region to those of EU countries and seen as important for energy security in the wider region and for the European Union.
"With this important project, Georgia has the opportunity to effectively communicate with the EU and have access to an important energy market. Also, our country has the opportunity to play an important transit role and help Europe with new, renewable energy in security issues through the supply of renewable energies of the Caspian Sea”, Economy Minister Levan Davitashvili said.
Discussions about the project continued during a face-to-face meeting between Davitashvili and Parviz Shahbazov, the Azerbaijani Minister of Energy, which highlighted the importance of the project for both of the countries.
The Ministry said the two officials also discussed the establishment of a joint enterprise involving four countries, with Bucharest, the capital of Romania, being considered as its location.
The Ministerial concluded with the signing of a “special protocol” on the further development stages of the project, with Davitashvili announcing the next meeting would be hosted in Bucharest.
