European Commission President: Black Sea submarine cable “window of opportunity”  to turn Georgia into electricity hub

She emphasised the EU was able to reduce the use of Russian resources, stressing it was not a new geopolitical energy security path but it was a basis for future initiatives to obtain clean, affordable energy resources. Photo: Reuters

Agenda.ge, 17 Dec 2022 - 16:12, Tbilisi,Georgia

The Black Sea strategic submarine electricity cable between Georgia and the European Union will be a “window of new opportunities”, which will turn the country into an electricity hub and improve the internal energy market, the European Commission President Ursula von der Leyen said on Saturday at the signing ceremony of the Agreement on Strategic Partnership in the field of Green Energy Development and Transmission between Azerbaijan, Georgia, Romania and Hungary. 

Ursula von der Leyen said the EU had an opportunity to financially support projects serving “common interests” and it was “ready” to support this project as part of it, adding the Agreement would bring the EU closer to its partners in the South Caucasus region.

The President von der Leyen noted the Black Sea electric cable has been a new transmission route "full of opportunities" and could integrate Georgia to the EU electricity market, as well as bring electricity to the Western Balkans, Moldova and of course Ukraine.