IGB Pipeline

Natural Gas Interconnector Greece-Bulgaria

Final Investment Decision taken

On 10 December 2015 the Shareholders in ICGB AD, respectively Bulgarian Energy Holding EAD with 50% and IGI Poseidon with 50%, concluded the procedure for taking the Final Investment Decision (FID) in relation to constructing the IGB Pipeline (Gas Interconnector Greece-Bulgaria).

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New Market Test for IGB Gas Pipeline (December 2015)

ICGB is launching a Market Test procedure as per “Updated Guidelines for management and allocation of capacity on the IGB INTERCONNECTOR according to paragraph 6 of article 36 of Directive 2009/73/EC” (UPDATED GUIDELINES), jointly issued by EWRC and RAE.

Nine non-binding Expressions of Interest received by ICGB AD – the company in charge of realizing the Gas Interconnector Greece-Bulgaria.

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ESIA Due Diligence

The IGB Project is currently undergoing an Environmental and Social Due Diligence according to the standards of the European Bank for Reconstruction and Development (EBRD), pursuant to a Mandate Letter signed between the Bank and ICGB AD in October 2012.

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