The registration of the joint venture Green Energy Corridor Power Company [GECO POWER COMPANY] has been successfully completed in Bucharest, Romania.

This company, formed by the transmission system operators of Georgia, Azerbaijan, Romania, and Hungary, will focus on research and design for the Green Energy Corridor project, which involves constructing a high-voltage submarine transmission cable in the Black Sea.

The Black Sea Submarine Cable Project is the largest infrastructure initiative directly connecting the power systems of Georgia and Romania, and more broadly linking the South Caucasus with Southeastern Europe. The submarine cable will span over 1,155 km (1,115 km underwater and 40 km on land), operate at a voltage of 525 kV, and have a capacity of 1,300 MW.

The project will also include a fibre-optic telecommunications cable along the same corridor, with completion expected by 2030. A feasibility study conducted by the Italian consulting firm CESI confirmed the project’s technical and economic viability.

This project enhances national and regional energy security, strengthens Black Sea connectivity, diversifies energy sources, and boosts renewable energy production and integration. It also promotes competitively priced electricity generation from renewable sources.