Baku: The technical and economic justification for the Caspian-Black Sea-European Green Energy Corridor is set to be completed in the third quarter of this year, as announced by Karoly Matrai, the head of Hungary’s MVM company. This announcement was made during the “Innovative Pathways to a Greener Future: Renewable Energy and Emission Reduction” event at ADA University.
According to Azeri-Press News Agency, the document is being prepared by the CESI company. The implementation of the project may require an investment of two billion euros. Matrai also highlighted that the construction work associated with the project could span between three to five years.