GECO submits PMI application for the Green Energy Corridor
Green Energy Corridor Power Company (GECO) has submitted an application to the European Commission for the Green Energy Corridor to be recognised as a Project of Mutual Interest (PMI) under the EU’s Trans-European Networks for Energy (TEN-E) Regulation.
The Green Energy Corridor Power Company (GECO) has successfully submitted its application to the European Commission for the Green Energy Corridor (GEC) project to be recognised as a Project of Mutual Interest under the EU's Trans-European Networks for Energy (TEN-E) Regulation.
The Green Energy Corridor will create a new route for renewable electricity from the Caspian region to European markets. It connects Azerbaijan, Georgia, Romania and Hungary through a high-voltage direct current (HVDC) submarine cable across the Black Sea and complementary onshore infrastructure.
PMI status would recognise the project's strategic importance for the EU and its partners. It would also strengthen its access to EU support, streamline permitting, and reinforce investor confidence as the project moves through its development phase.
This submission is the result of close cooperation between GECO's shareholders: AzerEnerji, Georgian State Electrosystem, Transelectrica and MVM. We are grateful for their dedication, and for the continued support of the governments of Azerbaijan, Georgia, Romania and Hungary, the European Commission and our technical partners.
We look forward to the next stage of the evaluation process and to continuing our work towards a secure, diversified and decarbonised energy future for the region and for Europe.