Implementation of the Black Sea submarine electricity cable project will cost USD 2-3 bn, said Georgian Prime Minister, Irakli Garibashvili, APA’s Tbilisi correspondent reports.
Stressing that the project is an initiative of Georgia, Garibashvili added that the length of the electricity cable will be 1,100 kilometers.
The Georgian PM highlighted that this project is the "second Baku-Tbilisi-Ceyhan project".
Notably, the Agreement on a strategic partnership in the field of green energy development and transmission between the Governments of the Republic of Azerbaijan, Georgia, Romania and Hungary was signed in Bucharest, Romania.