Green Energy Corridor Power Company (GECO Power) has moved to the next stage of implementing the Black Sea Energy project.
According to GECO Power, the company, together with CESI and representatives of the project's technical and economic working groups, held a separate meeting on Workstream 2, dedicated to the key activities required to transition the project from the feasibility study stage to the development stage.
The meeting discussed the main technical, economic, and organizational aspects of the next phase, including approaches to developing a development strategy and procurement strategy, as well as coordination of upcoming activities among participating countries and project partners.
"Workstream 2 is an important stage in implementing the findings of the feasibility study within a structured development model and determining the path forward for the Black Sea Energy project.
GECO Power expressed gratitude to CESI and all working group members for their active participation and valuable contribution," the company said.
It is worth recalling that the "Agreement on Strategic Partnership in the Field of Development and Transmission of Green Energy between the Governments of Azerbaijan, Georgia, Romania, and Hungary" was signed on December 17, 2022, in Bucharest.
On July 3, 2026, at a meeting of the project's steering committee in Baku, the completion of the feasibility study (FS) for the Black Sea Energy project was announced, along with its transition to the next development stage.
Following the meeting, GECO Power was tasked with preparing a detailed roadmap of activities to be implemented before the final investment decision. An agreement was also reached to establish cooperation between the national energy regulatory bodies of the participating countries.