BAKU, Azerbaijan, July 25. Georgia,
Hungary, Romania and Azerbaijan have signed a memorandum of
understanding on the establishment of a joint venture for the
Azerbaijan-EU Green Corridor project, Minister of Energy of
Azerbaijan Parviz Shahbazov tweeted, Trend reports.
“We signed a memorandum of understanding in Bucharest
with colleagues from Georgia, Romania and Hungary on the
establishment of a joint venture between 4 countries to implement a
project that provides for the transportation of green energy from
the Caspian Sea to Europe,” the minister said.
The Strategic Partnership Agreement, which provides
for the construction of an energy bridge from the Caucasus region
to Europe, was signed by Azerbaijan, Georgia, Romania and Hungary
on December 17, 2022.
It is expected to build a Black Sea Energy underwater
electric cable with a capacity of 1000 MW and a length of 1,195
kilometers.
The cable will be intended for the supply of green
electricity produced in Azerbaijan through Georgia and the Black
Sea to Romania for subsequent transportation to Hungary and the
rest of Europe.