Bulgaria to Invest BGN 68M in Gas Link with Serbia
Bulgaria is to invest over BGN 68 M into the construction of the local section of the gas grid interconnection with Serbia.
The estimate is provided in preliminary calculations of the Ministry of Economy and Energy, with construction works expected to absorb BGN 67.7 M, a total of BGN 300 000 to be spent on oversight and a total of BGN 200 000 to go to consultancy services, according to reports of Trud daily.
The project is to use co-financing under the "Competitiveness" Operational Program for both the past programming period and the 2014-2020 programming period.
The gas pipeline is to be launched in 2017.
As regards the Bulgaria-Romania gas grid interconnection, its launch faces a delay due to engineering problems.
The Ruse - Giurgiu section is to be launched in early September at the earliest.
Apart from that, talks on the Bulgaria-Greece gas grid interconnection are still underway.
The financial model for the construction of the new gas pipeline Stara Zagora – Komotini is to be presented in September.
Expropriation procedures are currently underway under the project.
- » Austria's Verbund to Sell Its Wind Farm in Bulgaria
- » Russia Ties Renewal of Supplies to Ukraine's First Chunk of Debt
- » Moscow, Kiev Agree to Renew Gas Flow to Ukraine
- » Bulgaria to Use EU Funding to Implement 5 Energy Projects worth over EUR 4 M
- » Bulgargaz Cuts Gas Supplies to Bulgarian Heating Utilities by 50%
- » Russia, Ukraine, EU Fail to Reach Agreement in Gas Talks