QAZAQ GREEN. Georgian State Electrosystem and Romania’s transmission system operator Transelectrica have signed a Memorandum of Understanding on bilateral cooperation aimed at advancing the Black Sea Submarine Cable Project. The document was signed in Bucharest by Georgian State Electrosystem Director General Vano Zardiashvili and Transelectrica Chief Executive Officer Ștefăniță Munteanu.

The memorandum establishes a framework for coordinated efforts in the preparation and development of the project. It provides for cooperation on a range of required studies, including geotechnical and geophysical surveys of the Black Sea seabed, as well as financial, legal and regulatory, environmental and social impact assessments. The agreement also предусматривает coordinated institutional representation in relevant international organizations.

Georgia was represented at the signing ceremony by Deputy Minister of Economy and Sustainable Development Inga Pkhaladze, Chairman of the Georgian National Energy and Water Supply Regulatory Commission Davit Narmania, and members of the Board of Directors of Georgian State Electrosystem Zviad Gachechiladze and Sophio Kevlishvili.

During the meeting, the parties reviewed the current status of the Black Sea Cable Project and agreed on next joint steps, noting that the signing of the memorandum marks the transition of the initiative to a new phase of development.

A study conducted in 2026 by Italian consulting firm CESI confirmed the technical and economic feasibility of the project. It is included in the ENTSO-E Ten-Year Network Development Plans (TYNDP) for 2022 and 2024 and has been submitted for inclusion in the TYNDP 2026. In 2025, the European Commission added the project to the list of initiatives eligible for Project of Mutual Interest (PMI) status.

The Black Sea Submarine Cable Project envisages the construction of a high-voltage submarine transmission link connecting the electricity systems of Georgia and Europe. The project is expected to enhance energy security in Europe and the South Caucasus, support the integration of renewable energy, and increase cross-border transmission capacity.