Over 1000 km of electric cable across the Black Sea

Azerbaijan plans to invite investors to build the turbines. European suppliers, such as Nexans of France and Prysmian of Italy for example, will be able to join it. Prysmian already announced in November that it is also building a new submarine cable-laying vessel. Sijarto also told media that a feasibility study of the cable project would be completed by the end of 2023, which would then take three to four years to build.

To a question from “Capital” to the European Commission about the financing and about the absence of Bulgaria in the project the energy spokesperson declined to comment specifically and directed us to contact the initiators of the project.

Project risks in the EU

Although Prime Minister Viktor Orb├ín has praised the initiative and called it a “megaproject”, experts remain skeptical, Hungarian media Telex reports. Apart from human rights concerns and claims that such sums could be better spent on energy production closer to Europe, Telex’s sources worry that the pipeline will make room for Turkish influence in a region prone to local conflicts.

In addition, experts worry that importing electricity from Azerbaijan could lead to over-dependence rather than diversification. Josef Turay, managing director of T-Energy Consulting Ltd, told Telex that he does not really believe that the electricity produced in Azerbaijan and Georgia can be environmentally friendly, despite promises of wind energy investments.

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