EU Ambassador to Georgia: bloc “strongly supports” Black Sea submarine cable project
Herczyński said the project was a “huge investment” and would “significantly change” electricity generation and transmission between the South Caucasus and the EU, noting the bloc wanted the project to have a regional scale. Photo via Ministry of Economy
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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.
Herczyński said the project was a “huge investment” and would “significantly change” electricity generation and transmission between the South Caucasus and the EU, noting the bloc wanted the project to have a regional scale.
We sincerely hope that in a few years the South Caucasus will become a very important source of energy for the European Union. It will take some time, because we are talking about a huge project, but we would like it to be implemented as soon as possible”, the diplomat added.
Officials from Georgia, Azerbaijan, Romania and Hungary on Thursday met in Tbilisi to discuss various stages of the implementation of the project.
The project was launched by officials of Azerbaijan, Georgia, Hungary and Romania in December in Bucharest, with the initiative aiming to connect energy grids of Georgia and the South Caucasus to that of Romania, allowing export of green energy to Europe and strengthening of mutual resilience.
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, initiators of the project have said.
Georgian State Electrosystem, along with Italian consulting company CESI, is carrying out a technical and economic study of the project. Environmental and social impact assessment and geophysical and geotechnical studies of the Black Sea bed will also be carried out to establish possibilities and best ways of practical implementation of the project.
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.
Georgian Prime Minister Irakli Garibashvili on Thursday discussed his country’s European integration prospects and the Black Sea submarine cable international project with Péter Szijjártó, the Minister of Foreign Affairs and Trade of Hungary.
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 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.
Georgian Foreign Minister Ilia Darchiashvili on Saturday said the country was becoming “one of the crucial” states in production of green and renewable energy.
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.
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.
Răzvan Rotundu, the Romanian Ambassador to Georgia, on Tuesday said the country had made progress in its efforts to receive the European Union membership candidate status, while adding issues remained to be resolved.
The cooperation between Georgia and the World Bank, as well as projects implemented both in public and private sectors of the country with the latter’s support were discussed on Wednesday between the Georgian Finance Minister Lasha Khutsishvili and Antonella Bassani, the Vice President of the World Bank for the Europe and Central Asia.
Pawel Herczynski, the European Union Ambassador to Georgia, on Monday said the bloc supported reforms in Georgia, including in the judiciary system of the country.
The European Union Ambassador to Georgia, Pawel Herczynski’s recent visit to Georgia’s autonomous Adjara region, with a wide-ranging agenda, reaffirmed “the strong and growing” partnership between the bloc and the country, the EU in Georgia said on Saturday.
Georgian Prime Minister Irakli Garibashvili on Friday told MPs Brussels, the European Union and “large financial institutions” were backing the Black Sea submarine electricity cable project for linking the power grid of the South Caucasus with those of EU states.
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.
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.
Georgian Economy Minister Levan Davitashvili on Friday highlighted the importance of the Black Sea submarine electricity cable project, a new transmission route to deliver green energy from the South Caucasus to Europe, at the second Green Energy Advisory Council Ministerial Meeting in Baku.