Government officials, consultants visit Anaklia town for Black Sea submarine power cable project
Georgian Government officials and professionals from the Italian consulting company CESI visited Anaklia to select the approximate route and locations for the Black Sea submarine electricity cable project. Photo: Georgian State Electrosystem
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Georgian Government officials and professionals from the Italian consulting company CESI on Tuesday visited western Georgia's Black Sea coastal town of Anaklia to select the approximate route and locations for the Black Sea submarine electricity cable project, an international initiative to connect the South Caucasus power grid to that of Europe.
Georgian State Electrosystem said the officials also visited the Jvari 500 substation, where the cable is planned to be connected to the energy system of Georgia.
We are investigating the possibility of electricity transmission between Georgia and Romania through a 1,100 kilometre-long cable passing through the bottom of the Black Sea. We have already selected the route and the location of the transit stations", said Stefano Malgarotti, a CESI representative and Project Manager.
Photo: Georgian State Electrosystem
The Italian company is due to complete the feasibility study on the project, signed by Georgia, Azerbaijan, Romania and Hungary in December, by late 2023.
It involves construction of a high-voltage underwater transmission grid which will connect Georgia with Romania and allow the export of green energy to Europe.
After implementation, the 1,195 km-long cable - with 1,100 km of its length laid underwater - will enable the countries of the South Caucasus and Romania to take advantage of “broadened export opportunities” and also trade in electricity at hourly market prices.
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.
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.
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.
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.
Officials from Georgia, Azerbaijan, Romania and Hungary on Thursday met in the Georgian capital city of Tbilisi to discuss various stages of the implementation of the Black Sea submarine electricity cable project, a new transmission route to deliver green energy from Azerbaijan to Europe, the Georgian Ministry of Economy announced.
The European Union “strongly supports” the Black Sea submarine cable project, a new transmission route to deliver green energy from Azerbaijan to Europe, and hopes the South Caucasus will become a “very important” source of energy for Europe, Paweł Herczyński, the Ambassador of the European Union to Georgia, said on Thursday.
Sebastian Molineus, the World Bank Regional Director for the South Caucasus, on Thursday said the Black Sea submarine cable project would contribute to a “very strong” economic and political connection between Georgia, the South Caucasus and European countries.
Cooperation between Georgia and World Bank and the Black Sea submarine electricity cable project intended to connect the grids of the South Caucasus and European Union member states were discussed on Friday in a meeting between the Georgian Deputy Economy Minister Genadi Arveladze and Koen Davidse, the Executive Director of the Bank.
Strategic cooperation between Georgia and the United States and the partnership in trade, transport and energy were discussed on Saturday in a meeting between the Georgian Deputy Economy Minister Genadi Arveladze and Heidi Gomez, the US Deputy Assistant Secretary of State.
Romeo Mikautadze, the Deputy Economy Minister of Georgia, featured in a meeting on the development and transmission of green energy between the governments of Azerbaijan, Georgia, Hungary and Romania, the Ministry said on Tuesday.
Priority directions for the Asian Infrastructure Investment Bank’s upcoming activities in Georgia and topics of the domestic economy were discussed in a meeting between the Georgian Economy Minister Levan Davitashvili and Konstantin Limitovskiy, the Vice President of AIIB, the Ministry said on Wednesday.
Georgian Deputy Economy Minister Genadi Arveladze on Sunday discussed priority areas of economic cooperation between Georgia and the United States and its further development prospects with Carlos DeJuana, Managing Director of US International Development Finance Corporation and Alexander Sokolowski, Deputy Assistant Administrator in the Bureau for Europe and Eurasia at USAID.
Jubo Turashvili, the Head of the Energy Policy and Investment Projects Department of the Ministry of Economy of Georgia, on Thursday highlighted the country’s “strategic location” in comments that confirmed the Government’s “readiness” to “make a significant contribution” to Europe's energy security.