The IGB Project (Gas Interconnector Greece-Bulgaria) is being implemented by the joint venture company ICGB AD, registered in Bulgaria in 2011, with shareholders Bulgarian Energy Holding (BEH) EAD (50%) and IGI Poseidon S.A. (50%).
IGI Poseidon S.A.
The co-shareholder IGI Poseidon S.A. is registered in Greece, with shareholders being the Greek company DEPA International Projects S.A. (50%) and the Italian energy group Edison S.p.A. (50%).
DEPA International Projects S.A.
https://depa-int.gr/en/homepage/
DEPA INTERNATIONAL PROJECTS, was established in May 2020. Its establishment follows the adoption of Law 4643/2019, which amended Law 4001/2001 and provided that DEPA S.A would transfer its participation in international projects through a spin-off to a new legal entity. Apart from taking over DEPA’s existing projects, the new Company activities includes the development, construction and/or management of interconnection infrastructure linking Greece with neighbouring countries, in various forms of energy including natural gas. In line with the need to move to cleaner forms of energy, the company looks at also promoting biogas, hydrogen and storage projects including in partnership with strategic European and international partners.
Edison S.p.A.
Edison S.p.A. is a leading company in Italy and Europe with over 130 years of history. They operate in the supply, production and sale of electric power and gas and in the energy and environmental services. They are an integrated operator in the energy sector: from production to distribution and sale of electricity.
Bulgarian Energy Holding (BEH)
Bulgarian Energy Holding (BEH) is the holding company for a group of companies which are principally engaged in electricity generation, supply and transmission, natural gas transmission, supply and storage and coal mining. BEH is wholly owned by the Bulgarian state and is the largest state-owned company in terms of total assets in the country. The Group owns the main electricity generation facilities in the country as well as the electricity transmission grid and the gas transmission and transit networks. The Group is also the public supplier of both electricity and gas in Bulgaria and it is therefore a strategically important state company.
IGB Project
Gas Interconnector Greece-Bulgaria is co-financed by the European Union's
European Energy Programme for Recovery programme.
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