The Black Sea submarine cable project has been granted the status of a Project of Mutual Interest (PMI) by the European Parliament and the Council of the EU, according to the Ministry of Economy and Sustainable Development of Georgia.

According to the ministry, after receiving PMI status, the Black Sea submarine cable project will fall under EU energy legislation, which means it will benefit from simplified procedures for obtaining study and construction permits.

“In addition, obtaining the status of a Project of Mutual Interest is extremely important for shaping the project’s business and investment model. Under European legislation, approved PMI projects receive active legal, financial, and administrative support from the European Union.

The Black Sea submarine cable project предусматривает the development of a digital and submarine high-voltage transmission network that will connect the electricity systems of Georgia and Europe. The project includes the construction of approximately 1,155 km of cable (1,115 km submarine and 40 km on land) with a capacity of 1,300 megawatts.

The implementation of the project will contribute to strengthening the energy security of Europe and the South Caucasus region, promote the development of the renewable energy sector, and increase transit opportunities between the regions.

A feasibility study has confirmed that the project is technically and economically viable. Preparatory work is currently underway for procuring services to study the Black Sea seabed.

The Black Sea submarine cable project is included in the European Network of Transmission System Operators for Electricity (ENTSO-E) Ten-Year Network Development Plan (TYNDP) for 2026–2036,” the statement says.

Information about the granting of PMI status has been published in the Official Journal of the European Union.