Georgia, EU are “close allies” in implementing Black Sea submarine cable project - Economy Minister

Georgian Economy Minister Levan Davitashvili on Thursday said Georgia and the European Union were “very close allies and partners” in implementing the Black Sea submarine cable project, that intends to connect the grids of the South Caucasus and European Union member countries.

At a joint press conference after the meeting with Kadri Simson, the European Commissioner for Energy Affairs, Davitashvili noted the submarine cable project was “mutually beneficial not only for Georgia but also for the EU”.

This is a flagship project that will connect Georgia directly and physically with the EU through the Black Sea submarine cable. It will allow us not only to be institutionally ready to have access to the European energy market but also in the conditions of physical access, to have mutual exchange and to export the energy produced in Georgia”, Davitashvili emphasised. 

He also pointed out the project was “a great incentive” for investors to invest in Georgia’s renewable energies, as it would enable the country to get connected directly to the “high-purchasing, more predictable, fair European energy market”.