Project for laying underwater electric cable across Black Sea discussed

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“We are discussing the project for laying a subsea power cable across the bottom of the Black Sea with Azerbaijan, Georgia, Bulgaria, and Romania.”

Sea-news.az reports citing Turkish media, that Türkiye’s Minister of Energy and Natural Resources, Alparslan Bayraktar, made the statement to journalists on the sidelines of COP31 in Antalya.

“We need to transmit more electricity from east to west, and from north to south. Türkiye also aims to expand the transmission capacity of grid interconnectors from 5.4 gigawatts to 15 gigawatts,” the minister stated.

Speaking about the intergovernmental agreement on strategic partnership in clean energy signed in Antalya between Azerbaijan, Türkiye, Georgia, and Bulgaria, Bayraktar emphasized that efforts to deepen ties with neighboring countries will continue uninterrupted.

The minister further noted that negotiations are underway with various countries regarding new energy initiatives. According to him, projects aimed at integrating electrical grids with Saudi Arabia, Jordan, Syria, and Europe are also active on Türkiye’s agenda.

Bayraktar stated that Ankara aims to promote these projects internationally and drive concrete initiatives forward during COP31.

“These projects showcase the concrete steps Türkiye is taking within its energy strategy and electrification targets leading up to 2040, as well as its contribution to global energy transition efforts,” the minister added.

Bayraktar also mentioned that an estimated $300 billion in investments will be required to successfully execute the broader energy transition.