Aliev: The feasibility study of the green energy supply project from Azerbaijan to the EU will be ready in a few months

Views: 147

Azerbaijani President Ilham Aliyev said that a feasibility study of the project of laying a power transmission line along the bottom of the Black Sea, which provides for the supply of “green” energy from Azerbaijan to Europe via Georgia, will be ready in the coming months.

“Azerbaijan and Georgia are closely cooperating with European countries on the project of creating a green energy corridor. The feasibility study of this project will be ready in the next few months,” Aliyev told the press in Tbilisi on Sunday following talks with Georgian Prime Minister Irakli Garibashvili.

According to him, after the preparation of the feasibility study, concrete work will begin.

“Large investments in the project are envisaged. Thus, the creation of a green energy corridor, the construction of an energy cable, will strengthen both our energy security and the partner countries,” Aliyev added.

On December 17, 2022, Azerbaijan, Georgia, Romania and Hungary signed in Bucharest an agreement on strategic partnership for the construction of an underwater electric cable Black Sea Energy with a capacity of 1,000 MW and a length of 1,195 km. In June 2023, Bulgaria also announced joining the project. The cable will be intended for the supply of “green” electricity produced in Azerbaijan through Georgia and the Black Sea to Romania for subsequent transportation to Hungary and the rest of Europe.

The construction of the cable will take 3-4 years. The European Commission plans to provide funds for laying the cable, which will be the longest in the world.

Caspian Barrel