The Black Sea Energy Corridor project has entered the development phase. According to Green Energy Corridor Power Company (GECO Power), the decision was made following the sixth meeting of the company's Board of Directors, held on July 30-31 in Constanta, Romania. According to GECO Power, the Board of Directors identified priority work areas for the coming months. The company will also continue to engage with international project developers, technology providers, and financial institutions to support the next phase of the project. GECO Power noted that the Board of Directors also confirmed the company's budget execution and effective financial management.