In July 2010, OeEB, KfW-Entwicklungsbank, EIB and EBRD and the Neighbourhood Investment Facility of the European Union (NIF) contributed substantial amounts to the Black Sea Transmission Network.

Project name Black Sea Transmission Network
Region Central Asia
Sector Energy / Resource efficiency / Infrastructure
Service Investment Finance
Project country Georgia
OeEB project volume EUR 20 million
Total investment volume EUR 289 million
Projekt partner(s) KfW, NIF, EBRD, EIB
Project story Georgia: Energy Bridge for the Black Sea Region

The project will extend the Georgian transmission system to the neighbouring states, especially to Turkey and Europe. The contribution is part of the total commitment of EUR 289 million provided by European institutions.

Improving the region's energy supply

The project will improve the power infrastructure of Georgia and boost the economic development by enhancing the stability of the Georgian transmission network, encouraging investments in new domestic hydropower resources and by adding power transfer capacity with Turkey. The logical extension of the Black Sea Transmission Network includes connections with Azerbaijan and Armenia to establish a regional power market which facilitates flexible and mutually profitable cross-border energy exchanges with the result that regional energy resources are used in an efficient and environment-friendly way.