The EU-flagship Black Sea Submarine Cable Project, initiated by Georgia, is currently underway, said the Prime Minister of Georgia at the General Debate of the 78th Session of the United Nations.
“Furthermore, the EU-flagship Black Sea Submarine Cable Project, initiated by Georgia, is currently underway. This Project involves the installation of a high-voltage submarine transmission grid to connect the South Caucasus region to Southeast Europe through the underwater cable. The implementation of the project will strengthen energy security in Europe and the South Caucasus region, will foster the development of renewable energy sources and create new opportunities for transit between these two regions.
While recognizing the increasing demand for energy, as well as the need to address climate change, we are actively pursuing new ventures in the field of renewable energy, including hydropower, wind, solar and other sustainable sources. Our objective is to attract investors and create a favorable environment for the establishment of innovative power plants, utilizing the Georgia’s abundant green energy potential.
All of these transformational projects will bring jobs, economic growth, and prosperity to our people and the region”, - said Irakli Garibashvili.