December 18, 2022
1 min read

Quadrilateral agreement inked on Black Sea electric cable

The quadrilateral intergovernmental agreement will provide the financial and technical framework for the implementation of the project according to which Azerbaijan will supply its green electricity…reports Asian Lite News

Romania, Hungary, Azerbaijan and Georgia signed on Saturday an agreement on the Black Sea submarine cable for the transport of electricity from the Caspian area to Romania.

“Azerbaijan needs outlets for the huge resources it has. Today we are starting to build a new ‘bridge’ from Azerbaijan to Europe. Our country will become an important supplier of electricity to Europe, especially green energy,” said Azerbaijan’s President Ilham Aliyev at the signing ceremony.

The quadrilateral intergovernmental agreement will provide the financial and technical framework for the implementation of the project according to which Azerbaijan will supply its green electricity through power lines to Georgia, and then by the planned submarine cable to Romania, and from there to Hungary and the rest of Europe, through the European transport system.

The 500 kV submarine cable between Georgia and Romania would be 1,100 km long and have a capacity of 1 GW. The Georgian transmission system operator GSE said the project also includes a telecommunications cable.

Georgia has said that the feasibility study is scheduled to be completed by the end of 2023 and the cable could be built in late 2029.

ALSO READ: Modi dials Putin, discuss Ukraine war

Previous Story

US lawmaker says Huawei attempting to dominate 5G

Next Story

Greek parliament approves 2023 state budget

Latest from -Top News

‘Kill and Dump’ Haunts Balochistan Again

The latest killings have reignited accusations of extrajudicial executions and the use of counterterrorism laws to cover up custodial deaths in Balochistan….reports Asian Lite News Concerns have deepened across Balochistan following the

‘ASEAN Expands, But Keeps Its Soul’

Malaysian Foreign Minister Mohamad Hasan urged ASEAN to uphold its unity and strategic resolve amid intensifying geopolitical tensions and mounting external pressures…reports Asian Lite News Consensus and inclusivity will remain the cornerstones

Bangladesh bends to beat Trump’s blow

Dhaka seeks compromise as Trump’s 35% tariff looms large over key exports; Washington urges worker protections, factory relocation to US…reports Asian Lite News Bangladesh has opened the second round of critical trade

China seethes as US lands F-35s in PH

As US F-35 jets land in the Philippines for the first time, Manila cements its frontline role in Washington’s power play against rising China….reports Asian Lite News The Philippines is rapidly cementing
Go toTop

Don't Miss

Putin Vows Retribution

Stressing that Russia expects other nations to cooperate with them,

Ruble crashes as Russia launches attacks on Ukraine

The Russian central bank added that the country’s financial institutions