“The implementation of the project will depend on many factors, however, optimistically, it should be carried out within 5 years. According to preliminary data, the length of the Black Sea submarine cable will be 1195 km. The profitable term is for the project to be implemented within a period of 5 years. 1100 km are under water and the rest is the land part of Georgia and Romania. 

All neighboring countries, and most importantly Georgia, are given an additional opportunity to export their locally produced electricity. This is the most important thing. The project will also include export and import facilities, a transit function, and more", - the Deputy Minister of Economy and Sustainable Development of Georgia, Romeo Mikautadze said.

To be informed, the Black Sea submarine cable project envisages the construction of a high-voltage underwater transmission grid, which will connect the power systems of Georgia and Europe. In case of project implementation, 1,195 km long cable (1100 km - submarine and 95 km land) will be connected to Romania, which will enable the countries of the South Caucasus and Romania to take advantage of broadened export opportunities and trade in electricity at hourly market prices. The implementation of the project will contribute to the strengthening of energy security in Europe and the South Caucasus region, the development of the renewable energy sector and increase transit opportunities between the designated regions. The Strategic Interconnector project occupies an important place on the agenda between the Government of Georgia and the European Union, as well as in the format of cooperation between ENTSO-E and the Georgian State Electrosystem.