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New transmission line to provide opportunities for both Georgia’s and EU energy network - expert

Oil&Gas Materials 10 April 2021 23:14 (UTC +04:00)
New transmission line to provide opportunities for both Georgia’s and EU energy network - expert

BAKU, Azerbaijan, Apr.10

By Tamilla Mammadova – Trend:

The new transmission line will provide interesting opportunities for both Georgia’s electricity grid and EU energy network in terms of both energy reception and supply, said Economic Analyst Andria Gvidiani, Trend reports via Georgian media.

A 1,200 km submarine cable will connect the electrical networks of Georgia and Europe. The World Bank (WB) has already agreed to fully finance the feasibility studies. Georgia has already prepared an initial feasibility study.

As Gvidiani said, EU officials even plan to label products to indicate which type of energy is used in production process. This is an irreversible tendency and this is a very good project.

"Therefore, this project will open a guaranteed exports market for both Georgia’s energy sector and Azerbaijan’s coming power facilities. As for new imports opportunities, naturally, imports diversification is one of the key objectives of our energy policy," the expert noted.

According to him, both European and Asian countries will be interested in shaping new strong and extensive energy relations and naturally, the Black Sea underwater high-voltage network will play its crucial role and simplify similar undertakings.

"We should think of arranging the same infrastructure in the Caspian Sea too. Probability of connecting Azerbaijan’s and Kazakhstan’s energy grids seems very attractive. This additional aspect will further grow attractiveness of this very interesting project for all energy sector players," he said.

However, before, the Black Sea underwater high-voltage transmission cable should be built. Undertaking this project will stimulate Georgia’s energy development and this project will transform Georgia into Transcaucasia electricity hub, Gvidiani added.

"We should also remember that Georgia is participant of the Silk Road project. Consequently, as part of One Road- One Belt project, Georgia has unique transit function too boost electricity transit on the global level. Consequently, we can say, that besides logistics importance, Georgia will also grow into an electricity hub between Asia and Europe," he said.

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