MINISTRY OF ECONOMY
AND SUSTAINABLE DEVELOPMENT
OF GEORGIA

The European Commission has announced active support for energy interconnectivity projects between the European Union and neighboring regions, which are planned for implementation on the European continent by 2035.

The Black Sea Submarine Cable Project, initiated by Georgia and jointly submitted by Georgia and Romania at the end of 2024 to receive the status of a Project of Mutual Interest (PMI), has been included in the list of Projects of Mutual Interest published by the European Commission. It is noteworthy that the submission was accompanied by a supporting document from the Energy Community.

On December 1, 2025, the European Commission adopted a delegated regulatory act and consequently published the list of Projects of Common and Mutual Interest, which includes the Black Sea Cable Project. The European Commission will forward the regulation to the European Parliament and the European Council for approval. According to European legislation, approved Projects of Mutual Interest will receive active legal, financial, and strategic support from the European Union.

The Black Sea Cable Project underwent an active technical and economic review at the European Commission's Directorate-General for Energy, which once again confirmed its importance, necessity, and potential.

Being included in the list of Projects of Mutual Interest, the Black Sea Cable Project will receive the necessary strategic, legal, and economic support. This is the first draft legal document developed by the European Commission that confirms the readiness to support the project.

Should the document become a regulation, the cable project will fall under EU energy legislation. This decision will give the project access to the EU’s special grant funding instruments, which finance projects of common and mutual interest to promote connectivity. Furthermore, the status of a Project of Mutual Interest will be an extremely important reputational benefit for the project in terms of establishing its business and investment model.

The Black Sea Submarine Cable Project envisages the construction of a digital and a submarine high-voltage transmission network that will connect the electric power systems of Georgia and Europe. The project involves the construction of a submarine cable approximately 1,155 km long (1115 km submarine cable and 40 km land cable), with a capacity of 1300 MW.

The implementation of the project will contribute to strengthening the energy security of Europe and the South Caucasus region, developing the renewable energy sector, and increasing transit capabilities between the mentioned regions.

In July 2024, the Italian consulting company CESI completed the project's feasibility study, which confirmed that the project is technically and economically viable.

The project is included in the European Network of Transmission System Operators for Electricity (ENTSO-E) Ten-Year Network Development Plan (TYNDP) for 2026-2036.