Deputy Economy Minister discusses joint projects with European Energy Commissioner
Georgian Deputy Economy Minister Romeo Mikautadze met Kadri Simson, the European Commissioner for Energy Affairs. Photo: Ministry of Economy
Tweet 
Share
Georgian Deputy Economy Minister Romeo Mikautadze and Kadri Simson, the European Commissioner for Energy Affairs, discussed projects between the country and the European Union, as well as the convergence of the Georgian legislation with the European law, at the Ministerial Council of the Energy Community last week.
The 20th edition of the Council of the parties to the Energy Community Treaty was hosted in Vienna, with the Economy Ministry revealing on Monday the meeting between the two officials had stressed the importance of the recently signed Black Sea Submarine Electricity Cable project.
The initiative, which involves connecting the power systems of the South Caucasus to those of Europe, was welcomed as "strategically important" both for countries of the region and the European Union.
By connecting the power transmission lines and systems of Georgia, Romania, Azerbaijan and Hungary, Europe will be able to connect not only Georgia but also the entire South Caucasus region, the sides noted in the discussions.
The Ministry also said the Georgian side had drawn attention to the country’s potential through its rich hydro power potential and other renewable energy resources.
The country’s representation pointed out Georgia’s "significant potential" to produce surplus energy from renewable sources and supply it to neighbouring countries.
The Black Sea submarine electricity cable is a strategic project of the 21st century, which will change Georgia’s role in the Black Sea region and the international area and will make the country’s energy sector “even more attractive” for investors, Georgian Economy Minister Levan Davitashvili told the media on Saturday.
Georgian Foreign Minister Ilia Darchiashvili on Saturday said the country was becoming “one of the crucial” states in production of green and renewable energy.
Oliver Varhelyi, the European Union Commissioner for Neighbourhood and Enlargement Policy, on Saturday welcomed the signing of the Agreement on Strategic Partnership in the field of Green Energy Development and Transmission between the Governments of Georgia, Azerbaijan, Romania and Hungary.
The high officials of Georgia, Azerbaijan, Romania and Hungary on Saturday signed an Agreement on the Black Sea Submarine Electricity Cable project in Bucharest, to export green energy to Europe via Georgia.
Georgian Economy Minister Levan Davitashvili on Tuesday said the recently signed Black Sea Submarine Cable project would help Georgia become an “important contributor” of the European Union in economy and energy sectors.
Georgian Prime Minister Irakli Garibashvili on Monday stressed the importance of the recently signed Black Sea submarine cable international project and said the endeavour was a “Georgian initiative", in remarks to the Ambassadors Conference in Tbilisi.