BAKU, Azerbaijan, March 17
By Leman Zeynalova – Trend:
ICGB AD, a project company for construction of the Interconnector Greece-Bulgaria (IGB), was recently granted the first major instalment from the approved funding under the Operational Program Innovation and Competitiveness (OPIC), the company told Trend.
“EUR 28 499 999 were transferred to the project company for the implementation of the interconnector Greece-Bulgaria following a thorough compliance check of the tender procedure related to the line pipe production and delivery and subsequent review of the documentation related to the execution of the contract,” said ICGB AD.
The IGB gas pipeline will be connected with the Greek national gas transmission system in the area of Komotini and with the Bulgarian national gas transmission system in the area of Stara Zagora. The planned length of the pipeline is 182 km, the pipeline diameter will be 32” and the projected capacity will be up to 3 bcm/y in the direction from Greece to Bulgaria. Depending on the interest from the market and the capacities of the neighboring gas transmission systems, the pipeline is designed for increasing its capacity up to 5 bcm/y for following up the market evolution thus allowing physical reverse flow (from Bulgaria to Greece) with the additional installation of a compressor station. A Memorandum for cooperation between ICGB AD and TAP AG has been signed concerning joint actions in relation to future connection between the IGB pipeline and the Trans-Adriatic Pipeline.
---
Follow the author on Twitter: @Lyaman_Zeyn