Hungary Joins Azeri Initiative to Bring Green Electricity to Europe
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Hungary has agreed to join an initiative by Azerbaijan to deliver electricity generated using renewable resources to Europe, Minister of Foreign Affairs and Trade Péter Szijjártó said in a post on Facebook on Wednesday.
"Azerbaijan will produce a large volume of green electricity that will be delivered through a submarine cable to Georgia then to Romania. Today we agreed that Hungary will join this large-scale plan, as at least two member states must participate for the project to get EU support," Szijjártó said after talks by phone with Azerbaijan's Minister of Energy Parviz Shahbazov.
He added that Hungary could use some of the green electricity it gets from Azerbaijan while serving as a transit country for the rest.
He said the investment could be implemented "realistically within 3-4 years" and could make a "big contribution" to Hungary's energy security, coming from an entirely new source of supply and bringing the country closer to its carbon-neutral goals.
"We'll soon get the draft of the agreement and, considering the matching interests, can quickly hammer out the details," he added.
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