2026-04-14
European Parliament and European Council Grant PMI Status to the Black Sea Submarine Cable Project
The Black Sea submarine cable project has been granted the status of a Project of Mutual Interest (PMI) by the European Parliament and the European Council.
Following the assignment of PMI status, the project falls under EU energy legislation, which means it will benefit from simplified procedures for obtaining study and construction permits.
In addition, obtaining PMI status is highly important for shaping the project’s business and investment model. According to European legislation, approved Projects of Mutual Interest receive active legal, financial, and administrative support from the European Union.The Black Sea submarine cable project envisages the development of a digital and high-voltage submarine transmission network that will connect the electricity systems of Georgia and Europe. The project includes the construction of an approximately 1,155 km cable (1,115 km subsea and 40 km onshore) with a capacity of 1,300 MW.
The implementation of the project will contribute to strengthening energy security in Europe and the South Caucasus region, support the development of the renewable energy sector, and increase transit opportunities between the regions. The feasibility study has confirmed that the project is technically and economically viable. Preparatory work is currently underway for procuring seabed survey services.
The Black Sea submarine cable project is included in the European Network of Transmission System Operators for Electricity (ENTSO-E) Ten-Year Network Development Plan (TYNDP) for 2026–2036.Information on granting PMI status has been published in the Official Journal of the European Union.
