Baku, Azerbaijan, April 4. Today we signed a
Memorandum of Understanding with colleagues from Azerbaijan,
Türkiye, and Georgia for a new electricity corridor, bringing
electricity from the Caspian region to the southeastern part of
Europe, Bulgaria, and our neighbors, Romania, Hungary, Zhecho
Stankov, Bulgaria’s Minister of Energy, told Trend on the sidelines
of the Southern Gas Corridor Advisory Council’s meeting in
Baku.
“After having a long-term contract of delivering gas from
Azerbaijan Gas Supply Company to Bulgaria, now to get the
opportunity to extend this experience also in the electricity
sector. That means that in the long-term perspective, we’re going
to deliver not only cheap gas from the Azerbaijan Gas Supply
Company to Bulgaria, but also cheap electricity from wind and solar
from this region to the southeastern part of Europe,” he said.
Talking about the Black Sea Cable project, Stankov noted that it
is an additional project to what was signed today.
“That’s something which Bulgaria, at the moment, shows interest
to join. At the moment, the intergovernmental agreement is signed
by Azerbaijan, Georgia, Romania, and Hungary. During a meeting a
month ago in Hungary, we showed our interest to join it. And we see
also a big perspective there. Of course, the environmental impact
assessment is very important related to the European legislation.
Bulgaria, Greece, and Romania sent a special letter to Commissioner
Jorgensen because of the high energy prices in our region, as we’re
not well connected to the mid and west part of Europe. That’s why
additional quantities of electricity will affect very positively
our consumers,” the minister said.