The Green Energy Corridor Power Company (GECO POWER COMPANY), a joint venture of Georgia, Azerbaijan, Romania, and Hungary, has been officially registered in Bucharest, Romania, the Ministry of Economy announced.
The company will oversee the Black Sea Submarine Cable Project, a 1,155 km, 525 kV transmission line connecting Georgia and Romania to strengthen regional energy security. A feasibility study confirmed its viability, with completion expected by 2030.
GECO POWER COMPANY is equally owned by the national energy operators of all four countries. The project has been submitted to the European Commission for recognition as a Project of Common Interest.
