Green Energy Corridor Power Company signs MoU with Jan De Nul on Black Sea submarine cable project

The Green Energy Corridor Power Company (GECO) and Belgian maritime engineering firm Jan De Nul have signed a Memorandum of Understanding (MoU) regarding the Black Sea submarine electricity cable project.

GECO General Director Yusif Gaibov visited the Jan De Nul HQ, a world leader in offshore energy infrastructure and subsea cable laying, earlier today, according to an official release. Jan De Nul is currently overseeing dredging and marine construction works at the Anaklia port project.

During the visit, Gaibov and Jan De Nul owner Jan Pieter De Nul signed the MoU, establishing a framework for cooperation on the subsea component of the Green Energy Corridor. The flagship project is designed to transmit renewable electricity from the Caspian region and Georgia to European markets via the Black Sea.

GECO is a joint venture established by the national energy companies and transmission system operators of Azerbaijan, Georgia, Romania, and Hungary. Its founding shareholders are AzerEnerji (Azerbaijan), Georgian State Electrosystem (GSE) (Georgia), Transelectrica (Romania), and MVM and MAVIR (Hungary).