Bulgatransgaz Launched Competition for the Bulgarian Section of Turkish Stream

Business » ENERGY | December 23, 2018, Sunday // 12:53
Bulgaria: Bulgatransgaz Launched Competition for the Bulgarian Section of Turkish Stream

Bulgartransgaz on 21st of December launched a public procurement procedure for the construction of the Bulgarian section of Turkish Stream. Earlier today, the Energy Regulator gave permission for the state-owned company to start pre-selling the pipeline capacity, the funds from which will be used to finance the project, reports BNT. 

The Bulgarian part of "Turkish Stream" envisages over 480 km of gas pipeline and two new compressor stations Provadia and Rasovo.

February 15 is the deadline for submission of offers by those wishing to build the new gas route in Bulgaria.

The tender for pre-sale of capacities from the future gas pipeline ends on 31st of January and Bulgargaz plans to finance the project with the funds raised from it.

Vladimir Malinov, Executive Director of Bulgartransgaz: Bulgartransgaz will abandon or rather will not assign the construction and assembly works if the results of the procedure are not positive and do not guarantee us the necessary approximately BGN 2 billion and 700 million.

The earliest launch date is scheduled for 1 January 2020.

The Energy Ministry has announced that EU funds are provided for the realization of the gas connection with Greece.

EUR 39 million from the Operational Programme “Innovation and Competitiveness” are provided for the Bulgaria-Greece interconnector.

This grant in practice is a very serious step towards the final realization of the project, providing funding and giving the opportunity to start construction within the next few months.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Energy » Be a reporter: Write and send your article

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria