The registration process of the Green Energy Corridor Power Company-GECO POWER COMPANY joint venture, which involves transmission system operators from Georgia, Azerbaijan, Romania, and Hungary, has been successfully completed in the Romanian capital, Bucharest. The Ministry of Economy and Sustainable Development of Georgia released this information.

According to the ministry, the joint venture will currently be engaged in research and design work for the Green Energy Corridor. The project, which, among other things, provides for the construction of a high-voltage submarine transmission cable in the Black Sea, is the purpose of its creation.

"The Black Sea submarine cable project is the largest infrastructure project that will directly connect the power systems of Georgia and Romania, and in a broader context, the South Caucasus and Southeastern Europe. The length of the submarine power cable will be more than 1,155 km (1,115 km underwater and 40 km on land), the voltage will be 525 kV, and the capacity will be 1,300 MW of telecommunications cable, which will be laid in the corridor selected for the submarine power cable. The estimated completion date for the construction of the submarine power cable is 2030. The project's feasibility study, carried out by the Italian consulting company CESI, has shown that the project is technically and economically feasible.

It should be noted that Armenia has also applied to join the project. Armenian Prime Minister Nikol Pashinyan also announced this during a recent meeting with Georgian Prime Minister Irakli Kobakhidze in Yerevan.