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Georgia to cooperate with Azerbaijan to deploy high-voltage submarine cables in the Black Sea

March 12, 2020

Latest company news about Georgia to cooperate with Azerbaijan to deploy high-voltage submarine cables in the Black Sea

 

[Cable Network News] Georgian Minister of Economy and Sustainable Development Natia Turnava said in an interview recently that Azerbaijan and Georgia have discussed submarine cable projects in the Black Sea to improve the competitiveness of regional corridors.

 

At the same time, Turnava pointed out that the two economic ministries have established very close business ties and friendly relations, which can promote the development of joint hub projects and speed up the completion of the Baku-Tbilisi-Kars railway project.

"We are discussing the construction of a submarine grid interconnection project in the Black Sea, which will connect Georgia to the EU energy market," the Minister of Georgia emphasized. "In addition to these, we are also discussing other cooperative projects, including related private and Public institutions."

"If a region including Azerbaijan participates in this project, then of course this project will have greater importance and commercial attractiveness. Azerbaijan is our reliable partner to provide electricity during periods of power shortage in the Georgian market," Turnova Emphasize.

According to data from the National Bureau of Statistics of Georgia, Azerbaijan is Georgia's fourth largest trading partner, with bilateral trade between January and November 2019 totaling USD 932.7 million.

(This article is first published on www.cableabc.com, please indicate the source.)

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