The Georgian Economy Minister Mariam Kvrivishvili participated in an energy summit held in Athens, bringing together more than 270 representatives from countries across Southeastern Europe and the Eastern Mediterranean region, the Ministry of Economy reported.

Among the summit participants were Kyriakos Mitsotakis, Isaac Herzog, Secretary General of the Gulf Cooperation Council Jasem Mohamed Albudaiwi, and European Commissioner for Sustainable Transport and Tourism Apostolos Tzitzikostas, along with ministers, government officials, representatives of financial institutions, and major investment companies.

Kvrivishvili addressed the ministers’ panel titled “Delivering 2030 – Leadership Commitments for the Energy Transition.”

“The energy sector makes a major contribution to Georgia’s economic growth, but it creates even greater value in terms of the country’s energy security and energy independence. Our national vision and strategy are aimed at ensuring that Georgia maintains one of the fastest-growing economies,” Kvrivishvili said.

According to the minister, the energy sector has become one of the country’s most attractive areas for investment, and the government has set a goal of increasing installed capacity to 11,500 megawatts over the next decade.

“This means that Georgia will not only become self-sufficient, but will also gain significant opportunities for electricity exports,” she stated.

Kvrivishvili emphasized that Georgia, as part of efforts to support the European Union’s energy security and independence, is placing strong focus on infrastructure modernization and construction.

She highlighted the Black Sea submarine cable project, which is expected to connect Georgia to the European energy market.

“Georgia has launched the critically important 1,300-megawatt Black Sea underwater cable project. We are pleased that the European Union has already granted this project the status of a Project of Mutual Interest,” Kvrivishvili said.

She added that Georgia is also part of the Green Energy Corridor, a regional initiative with an average capacity of 4,700 megawatts.

“Through this vision and ten-year plan, Georgia will further strengthen its role as a regional hub not only in energy, but also in transit and logistics,” the minister stated, noting that the government plans to ensure more than $1 billion in investments in energy infrastructure, including transmission lines and substations, over the next 8–10 years.