The 10th Ministerial Meeting/Steering Committee for the implementation of the Agreement on Strategic Partnership in the field of development and transfer of green energy between Azerbaijan, Georgia, Hungary and Romania was held in Budapest, the capital of Hungary. Azerbaijan was represented at the event by Minister of Energy Parviz Shahbazov, Hungary by Minister of Foreign Affairs and Trade Peter Szijjarto, Georgia by First Deputy Prime Minister, Minister of Economy and Sustainable Development Levan Davitashvili, Romania by Minister of Energy Sebastian-Ioan Burduja, and Bulgaria by Minister of Energy Zhecho Stankov. The meeting was also attended by representatives of the European Commission, the Joint Venture GECO Power Company and the Italian company CESI.

At the meeting, the development of Azerbaijan's renewable energy potential, progress and prospects on the Caspian-Black Sea-European Green Energy Corridor project were considered. The issues related to the activities of the Green Energy Corridor Power Company (GECO), Bulgaria's involvement in the project, the current state of the feasibility study implemented by the CESI, cooperation with the European Union (EU) on project financing were discussed.

After the discussions, the ministers of the 4 countries signed a Protocol on the results of the meeting and a Joint letter from Azerbaijan, Georgia, Romania and Hungary to the Commissioner of the European Union (EU) for Energy, Dan Jorgensen. The purpose of the letter is to provide appropriate support for granting the Caspian-Black Sea Green Energy Corridor project with Project of Mutual Interest (PMI) status. It was agreed that in order to include the project in the EU`s Ten-Year Network Development Plan (TYNDP), the corresponding request will be submitted by the transmission system operator Transelectrica in the period from 1 April to 9 May, 2025, and the overall control of the process will be carried out jointly with GECO. “Caspian Energy Media” reports with reference to the Ministry of Energy.