The Council of Ministers approved the position of Bulgaria for negotiation and preparation of an Intergovernmental Agreement between the Republic of Bulgaria and the Hellenic Republic on the tax treatment of the Greece - Bulgaria Gas Interconnector (IGB Project)

12/09/2018 Press

The Council of Ministers approved today the position of the Republic of Bulgaria according to which the Minister of Energy, coordinated with the competent authorities of Bulgaria, will hold negotiations with the Government of the Hellenic Republic for the preparation and signing of an Intergovernmental Agreement between the Republic of Bulgaria and the Hellenic Republic on the tax treatment of Gas Interconnector Greece - Bulgaria "(Project IGB).

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The Bulgarian Government approved yesterday in the Council of Ministers amendments in Operational Programme “Innovations and Competitiveness” 2014-2020 thus announcing the position of the country and is sending for approval by the EC

12/09/2018 Press

The Government adopted a Decision for amendment of Operational Programme “Innovations and Competitiveness” 2014-2020 as the basis for negotiations with the European Commission.

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11 requests for participation have been submitted in the first phase of the restricted procedure for design, procurement and construction of the gas interconnector Greece – Bulgaria

11/09/2018 Press

Today in the office of the project company ICGB AD was held a public meeting for opening of the requests for participation in the restricted procedure for design, procurement and construction (EPC) of the gas interconnector Greece - Bulgaria. Eleven requests for participation from Bulgarian and foreign companies and consortiums have been submitted within the deadline.

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12 participants with interest in the selection of owner’s engineer for the needs of gas interconnector Greece-Bulgaria

10/09/2018 Press

Twelve companies and consortiums have submitted offers for participation in the procedure for selection of owner’s engineer for the needs of gas interconnector Greece-Bulgaria. The offers were opened today in the office of the project company ICGB during a public meeting opened to the media.

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The National Regulators of Greece and Bulgaria adopted an official Joint Exemption decision for IGB from the requirements regarding third party access, tariff regulation and ownership unbundling

16/08/2018 Press

Following the decision of the European Commission on the Exemption of Interconnector Greece Bulgaria (IGB) from the requirements regarding third party access, tariff regulation and ownership unbundling, on 8th of August 2018 the National Regulators of Greece and Bulgaria adopted an official Joint Exemption decision for IGB.

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ICGB AD resumes the procedure for selection of owner's engineer for the project Gas Interconnector Greece-Bulgaria

08/08/2018 Press

The project company ICGB AD notifies the potential participants in the open procedure for selection of owner's engineer for the project Gas Interconnector Greece-Bulgaria that it resumes the procedure for selection of owner's engineer for the project Gas Interconnector Greece-Bulgaria and extends the deadline for submission of offers.

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ICGB signed contract with the National Archaeological Institute for archaeological studies of archaeological sites found along the route of the gas interconnector with Greece

08/08/2018 Press

Pursuant to a Decision of the Executive officers of the company ICGB AD has nominated the National Archaeological Institute with museum for contractor of a public procurement procedure for archaeological studies of archaeological sites found along the route of the gas interconnector Greece-Bulgaria. The public procurement award contract was signed on August 6th.

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ICGB AD resumes the procedure for awarding a public procurement for design, procurement and construction of Gas Interconnector Greece-Bulgaria

07/08/2018 Press

The project company ICGB AD notifies the potential applicants in the restricted public procurement award procedure for design, procurement and construction of Gas Interconnector Greece -Bulgaria that on 06.08.2018 a Decision was sent for approval of an amendment or additional information whereby a procedure is renewed and the deadline for submission of applications is extended.

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The Prime Ministers of Bulgaria and Greece signed a political declaration for the construction of the Gas Interconnector between the two countries

03/07/2018 Press

In the presence of the President of the European Commission Jean-Claude Juncker, the Prime Ministers of the Republic of Bulgaria Mr. Boyko Borissov and the Republic of Greece Mr. Alexis Tsipras declared the political support of the two countries for the completion of the Greece-Bulgaria interconnector project. The declaration was signed at a European Council meeting in Brussels.

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ICGB signed key agreements to start investments and activities on construction of Gas Interconnector Greece-Bulgaria during fifth Meeting of CESEC

29/06/2018 Press

The project company will be included as an eligible beneficiary for financing under the European Structural and Investment Funds (ESIF) for Bulgaria under Innovations and Competitiveness Operational Program.

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The procedure for the selection of a Contractor for public procurement procedure “Design, procurement and construction of a natural gas Interconnector Greece-Bulgaria” is temporarily suspended due to filed appeals

22/06/2018 Press

The project company ICGB AD informs all potential participants in the restricted procedure for the selection of a Contractor for the “Design, procurement and construction of a natural gas Interconnector Greece-Bulgaria “ that due to filed appeals at the Commission for protection of competition against clarifications of the Contracting Authority, the procedure is temporarily suspended.

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The procedure for selection of Owner’s Engineer for ICGB has been temporarily suspended due to appeal

22/06/2018 Press

The project company ICGB AD informs all potential participants in the public procurement “Selection of Owner’s Engineer for the Construction of the Gas Interconnector Greece-Bulgaria” that on 22nd May 2018 at the Commission for protection of competition an appeal with ext. No 1089/22.05.2018, against clarifications of the Contracting Authority published on the Buyer’s profile on 14.05.2018.

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ICGB announces public procurement for archeological studies along the route of the gas interconnector with Greece

21/05/2018 Press

ICGB AD launched a procedure for the award of public procurement with subject “Archeological studies of archeological sites found along the route of gas interconnector Greece-Bulgaria“.

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ICGB opened publicly the requests for participation in the restricted procedure for line pipes manufacture and supply for the gas interconnector with Greece

16/03/2018 Press

March 16th 2018, Sofia – Today in the office of the project company ICGB AD was held a public meeting for opening of the requests for participation in the restricted procedure for line pipes manufacture and supply for the needs of gas interconnector Greece-Bulgaria. In the presence of media representatives, the Bulgarian Energy Minister Temenuzhka Petkova announced the start of the session for opening of all submitted before the deadline requests. Ten requests for participation have been submitted to the procurement procedure, with interest from both Bulgarian and other European countries as well as from other continents.

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ICGB extends the deadline for submission of applications for participation in the procedure for “Line pipes manufacture and supply for the needs of gas interconnector Greece-Bulgaria” till 15 March 2018

09/03/2018 Press

On 7th March 2018 ICGB has issued decision to resume the public procurement procedure “Line pipes manufacture and supply for the needs of gas interconnector Greece-Bulgaria” which was sent to be published at both the Public Procurement Registry and the Official Journal of the European Union. By virtue of the Decision the deadline for submission of Applications for participation is extended to 15th March 2018 till 17.30.

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Elio Ruggeri, Chairman of the Board of Directors of ICGB, resigns

01/02/2018 Press

ICGB communicates that Elio Ruggeri has resigned from his position of Chairman of the Board of Directors of the Company; expresses its highest appreciation for Elio’s contribution to the development of the project and wishes all the best for its future professional challenges.

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ICGB extends the deadline for submission of offers for the Owner’s Engineer tender for the IGB interconnector until 13th February 2018

18/01/2018 Press

ICGB AD announces that on 11th January 2018 the Chairman of the Commission for protection of competition (CPC) refused to initiate administrative proceedings on appeals brought up by the Bulgarian companies “Vini Bulgaria” AD and “Next Invest” EOOD against Owner’s Engineer public procurement procedure.

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The procedure for selection of Owner’s Engineer for ICGB has been temporarily suspended due to appeals

11/01/2018 Press

The project company ICGB AD informs all potential participants in the public procurement “Selection of Owner’s Engineer for the Construction of the Gas Interconnector Greece-Bulgaria” that due to circumstances beyond its control the procedure has been temporarily suspended. The suspension has been caused by appeals against Decision № Р-05-COR from 12.12.2017, approving a notice of amendment or additional information, as well as an appeal against clarifications published on 12.12.2017 at the Buyer’s profile, provided by the Contracting Authority in regard to questions submitted by possible competitors for the tender.

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ICGB extends the deadline for the public procurement for selection of Owner Engineer

13/12/2017 Press

ICGB AD announces the extension of the deadline for submission of offers for the public procurement “Selection of Owner’s Engineer for the Construction of the Gas Interconnector Greece-Bulgaria” up to 15th January 2018, amending the previous deadline. The first announced deadline was 19th December, which was aligned with the legally established minimum deadline under the Public Procurement Act of 35 days.

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ICGB launches public procurement for selection of supplier of line pipes for IGB, the gas interconnector Greece-Bulgaria

08/12/2017 Press

ICGB launches procedure with subject “Line pipes manufacture and supply for the needs of Gas Interconnector Greece-Bulgaria”, for selecting and awarding the manufacturer for supplying line pipes with nominal diameter DN800 / 32”.

The line pipe will be used for the construction of the IGB natural gas interconnector.

The scope of supply includes the production, inspection, testing, shipment, transportation to point of delivery and documentation requirements of these items in accordance to this specification. All other services related to the pipe installation and additional materials will be purchased via a parallel running tender for the EPC contractor, which will be announced in the beginning of 2018.

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A public procurement for the selection of owner’s engineer for the project gas interconnector Greece-Bulgaria was launched

10/11/2017 Press

ICGB AD enters a key phase in its development launching the procedures for the award of public procurement necessary for the start of the construction in 2018.

The Call for tender for the “Selection of Owner’s Engineer for the Construction of the Gas Interconnector Greece-Bulgaria” has been sent for publication to the Registry of Public Procurement of Bulgaria’s Public Procurement Agency on 08.11.2017. The procedure is also announced in the Official Journal of the European Union.

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ICGB received construction permit on Bulgarian territory

04/10/2017 Press

On September 12th 2017 the Ministry of Regional Development and Public Works issued the construction permit for the interconnector on Bulgarian territory for the municipalities Stara Zagora, Radnevo and Opan, Region Stara Zagora, the municipalities Dimitrovgrad and Haskovo, region Haskovo and the municipalities Djebel, Kurdzhali, Momchilgrad and Kirkovo, Region Kurdzhali.

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ICGB announces the launch of several tender procedures by the end of the year and reports the finalization of key milestones in H1 2017

12/09/2017 Press

ICGB reports constant and consequent progress on the realization of the IGB Project. For the first half of 2017 and up to now there are several milestones that are achieved or about to be finalized in the closest future.

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Gas companies from Bulgaria, Greece, Romania and Hungary signed a memorandum of understanding on the vertical gas corridor

19/07/2017 Press

A Memorandum of Understanding on the realization of the Vertical Gas Corridor has been signed by representatives of the gas companies – Bulgartransgaz EAD (Bulgaria), ICGB AD (Bulgaria), DESFA S.A. (Greece), FGSZ LTD (Hungary) and SNTGN TRANSGAZ S.A. (Romania). The document has been signed within the joint meeting held today in Bucharest, Romania. We would like to remind that in September 2016 the energy ministries of Bulgaria, Greece, Romania and Hungary signed a Memorandum on the realization of the Vertical Gas Corridor within a meeting of the High Level Group on Central and South Eastern Europe Gas Connectivity (CESEC).

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ICGB AD exec: Southern Gas Corridor key for promoting IGB project (exclusive)

27/02/2017 Press

Baku, Azerbaijan, Feb.27
By Leman Zeynalova – Trend:

The Southern Gas Corridor project plays a key role in promoting the implementation of the Interconnector Greece-Bulgaria (IGB) project, Teodora Georgieva, executive officer at ICGB AD joint venture company, said in an exclusive interview with Trend.

She pointed out that these two projects are interrelated, adding that IGB is a key project for diversification of sources and routes for Bulgaria.

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Five binding offers were submitted in the binding phase of the market test for the Gas Interconnector Greece-Bulgaria

2/12/2016 Announcements

Five binding offers were received on a long term basis for the successfully ended on 30th November 2016 binding phase of the market test for the Gas Interconnector Greece-Bulgaria. That was announced by the Company ICGB, which is responsible for the realization of the project. The announced capacity within the second phase of the market test amounts to 2.7 bcm, 1.57 bcm of which are reserved. According to the procedure, the market test will be completed with the Advanced Reservation Capacity Agreements execution by the Companies which submitted the offers, upon approval of the relevant allocation by the National Regulatory Authorities of Greece and Bulgaria.

ICGB AD Shareholders (BEH EAD and IGI Poseidon) are satisfied as the market test results revealed an increased commitment and an increasing market interest. This demonstrates the good commercial prospect for realization of the project and the timely appropriateness to test the market. To this end the ICGB AD and its Shareholders will continue to create conditions for access of the Shippers to the capacity of the pipeline and equal, non-discriminatory treatment of all present and future partners in accordance to the spirit of the third gas directive.

Due to shown interest from other companies, which have not participated in the first phase of the market test for the project, there is an ongoing discussion about the possibility to initiate a procedure for allocation of the remaining capacity, respectively for participation of new Shippers.

“We are sincerely thankful for the constant and essential procedural support received by the Regulatory Institutions involved - DG-Energy of EC, RAE and EWRC”, said Teodora Georgieva and Konstantinos Karayannakos, Executive Officers of ICGB AD, in connection to the completion of the second, binding phase of the market test.

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IGB Market test

25/11/2016 Announcements

To whom it may concern:

The current market test is following its natural procedural process up to ARCA signature in accordance to article 2.2 of the “Updated Guidelines for management and allocation of capacity on the IGB INTERCONNECTOR according the paragraph 6 of article 36 of Directive 2009/73/EC – PHASE I: invitation of interested parties to express their interest in reserving capacity”, as published in this web site”. ARCAs are going to be executed upon approval by the NRAs of the allocation of capacity in the ongoing market test.

ICGB is pleased to inform that it is recording along the way an increasing market interest later than the beginning of the current market test. In the spirit of art. 36, paragraph 6   of Directive  2009/73/EC where “… all potential users of the infrastructure are invited to indicate their interest in contracting capacity…” , ICGB is willing to assess a new allocation procedure for the remaining capacity not allocated during the current market test, subject to NRAs consultation and approval.  The procedure is intended to be under the same procedural ground with a suited timeframe.

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Extension of the Second Binding Phase of the Market Test until 30 November 2016

31/10/2016 Announcements

The deadline by which Binding Offers in the Second Phase of the IGB Market Test should be submitted to be considered valid is hereby extended from 31 October 2016 to 30 November 2016. The extension of the deadline for submission of Binding Offers is made following a relative consultation and coordination with the Energy and Water Regulatory Commission (Bulgaria) and the Regulatory Authority for Energy (Greece) and based on requests by participants in the first phase. With the exception of the deadline for submission of Binding Offers, all other terms and conditions in the Market Test documentation published hereby remain in force. The deadlines provided within the procedure are accordingly extended with one month.

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ICGB AD organized a promotional event for holding the second, binding, phase of the market test for capacity in Greece-Bulgaria gas pipeline.

06/10/2016 Announcements

Yesterday, 5th October 2016, a promotional event was held for the participants in the second, binding, phase of the market test for capacity management and allocation of IGB gas pipeline - Interconnector Greece-Bulgaria.

The second phase of the market test was officially launched on 5th August 2016 after the regulatory authorities of Bulgaria and Greece, Energy and Water Regulatory Commission and RAE officially approved the Guidelines for capacity management and allocation of IGB gas pipeline. The deadline for submission of binding offers in the second phase of the Market test is 31st October 2016.

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ICGB signed a joint statement with Bulgarian Greek, Romanian and Hungarian transmission operators as future operator and part of the Vertical Gas Corridor

18/09/2016 Announcements

ICGB signed a joint statement, together with Bulgarian, Greek, Romanian and Hungarian transmission operators as future operator and part of the Vertical Gas Corridor on high level group meeting of the Central and South-Eastern European Gas Connectivity organized by European Union on 8th and 9th of September 2016 at Budapest. The statement represents the united efforts of the operators to joint development of the gas transmissions networks and the building of the Vertical Gas Corridor. “That is a serious acknowledgement for Interconnector Greece-Bulgaria’s key role for energy security and diversification of sources for Europe and the region as well as a step toward inter-system connectivity”, emphasized Teodora Georgieva and Konstantinos Karayannakos, Executive Officers of ICGB AD.

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ICGB Market Test: 2nd Bidding Phase Launch

05/08/2016 Announcements

ICGB AD, project company developing the Gas Interconnector Greece-Bulgaria (IGB), equally controlled by IGI Poseidon SA of Greece and Bulgarian Energy Holding EAD of Bulgaria,  announces the launch of the 2nd Bidding Phase of the IGB Market Test through the publication of the relevant Bidding Phase  Guidelines.

The Market Test is conducted in two phases: the Expression of Interest Phase that was concluded by April 8th 2016 and the Bidding Phase that starts today.

The Bidding Phase Guidelines have been approved by the relevant National Regulatory Authorities, namely  EWRC of Bulgaria with Decision No.У-3 of 21 July 2016 and RAE of Greece with Decision No. 255/2016 of 28 July 2016 .

The Expression of Interest Participants  and TSOs will be directly informed, provided with the relevant documents and invited to participate in the Bidding Phase in accordance with art. 3 of the Bidding Phase Guidelines.

- Guidelines for management and allocation of capacity on the IGB INTERCONNECTOR

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Nine non-binding expressions of interest have been received by ICGB AD - the company responsible for implementation of Greece-Bulgaria gas pipeline

27/04/2016 Announcements

Nine non-binding expressions of interest were received during the Expression of Interest phase by ICGB AD - the company responsible for implementation of the gas pipeline Greece-Bulgaria (IGB). The expressions of interest are for a total capacity of approximately 4.3 bcm3/year for gas transmission services forward flow from Greece to Bulgaria and approximately 1 bcm3/year for gas transmission services reverse flow from Bulgaria to Greece.

The ICGB Company responsible for implementation of the gas pipeline Greece-Bulgaria announces the completion of the Expression of interest phase of the Market test held for advance capacity booking in the gas pipeline.

The deadline of the Expression of interest phase was on 8th April 2016 as per previous extensions of the deadline approved by the national regulatory authorities of Bulgaria and Greece, the Energy and Water Regulatory Commission (EWRC) and the Regulatory authority for energy (RAE) Greece, respectively.

The Expression of interest phase was launched on 14th December 2015 and was held in accordance with the Guidelines and the Expression of interest notice issued jointly by EWRC and RAE pursuant to paragraph 6 of article 36 of Directive 2009/73/EC.

‘The satisfactory result of the expression of Interest phase is a successful step for ICGB and the further development of the IGB project as part of the expected evolution of Bulgarian, Southeastern and Central and Southeastern gas market towards alternative sources and corridors for gas supply secured through provision of gas transmission services in vertical direction by the Southern Gas Corridor. The availability of transmission capacity in IGB will also provide a reliable import corridor for liquefied natural gas (LNG) from the region through the existing and planned new LNG regasification capacities in Greece’ Teodora Georgieva and Konstantinos Karayannakos , Executive officers of ICGB AD said.

The Market test will enter a second binding phase – Bidding phase after obtaining guidelines and approval from the national regulatory authorities of Bulgaria and Greece. The Bidding phase will provide a procedure which will confirm what the level of the actual booked capacity will be based on concluded agreements.

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Extension of Expressions of Interest Deadline until 8 April 2016.

31/03/2016 Announcements

Important Note: The deadline by which Expressions of Interest in the IGB Market Test should be submitted to be considered valid is hereby extended from 31 March 2016 to 8 April 2016.

The extension of the Expressions of Interest deadline is made following a relative consultation and coordination with the Energy and Water Regulatory Commission (Bulgaria) and the Regulatory Authority for Energy (Greece).

With the exception of the Expressions of Interest deadline, all other terms and conditions in the Market Test documentation published hereby remain in force.

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New Market Test for IGB Gas Pipeline

14/12/2015 Announcements

The company ICGB AD (ICGB) is in charge of developing, constructing and operating the Interconnector Greece- Bulgaria gas pipeline (IGB). ICGB has applied to the regulatory authorities of Bulgaria (EWRC) and Greece (RAE) for an exemption from certain provisions of EU Directive 2009/73/EC in accordance with art.36 therein.

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.

All Interested Shippers and TSOs are being invited to express interest in using IGB gas transportation services.  The interest of other Transmission System Operators to interconnect their systems with the IGB Pipeline is also being invited. The Market Test is divided into two phases: 1. Expression of Interest Phase (on a non-binding basis); 2. Bidding Phase (on a binding basis).

Participation in the Expression of Interest Phase is a prerequisite for subsequent participation in the Bidding Phase. The Expression of Interest Phase, where interested parties are invited to present non-binding expressions of interest, starts with the publication of the Expression of Interest Notice.

All terms and conditions for participation in the Expression of Interest Phase, and subsequent steps, are contained in the Expression of Interest Notice. The Expression of Interest Phase is being conducted in the English language.

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Notice

11/04/2014 Announcements

In connection with upcoming procedures pursuant to Bulgarian legislation for approval of an investment project and issuing a construction permit and due to a terminated previous tender procedure, the joint investment company ICGB AD announces a tender procedure for the selection of a contractor for ‘Acquisition of real rights over the properties for the sites of the gas pipeline and establishing right of way for the linear section and ancillary infrastructure for the Bulgarian section of Interconnector Greece-Bulgaria project’.

The joint investment company ICGB AD is responsible for financing the engineering and construction of Greece-Bulgaria Interconnector (IGB project) and is to be owner of the facility. Shareholders with equal shares in the company are Bulgarian Energy Holding EAD and IGI Poseidon S.A.

The complete documentation for participation in the said tender for selection of a contractor as well as all conditions, including deadlines for application are available at the following web addresses:

www.icgb.eu (section – Commercial, regulatory and tender procedures)
www.bgenh.com (section – Announcements / Procedures)

File 1

File 2

File 3

File 4

File 5

File 6

File 7

File 8

File 9

File 10

File 11

Questions and answers_1

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Notice

05/02/2014 Announcements

In connection with upcoming procedures pursuant to Bulgarian legislation for approval of an investment project and issuing a construction permit, the joint investment company ICGB AD announces a tender procedure for the selection of a contractor for ‘Acquisition of real rights over the properties for the sites of the gas pipeline and establishing right of way for the linear section and ancillary infrastructure for the Bulgarian section of Interconnector Greece-Bulgaria project’.

The joint investment company ICGB AD is responsible for financing the engineering and construction of Greece-Bulgaria Interconnector (IGB project) and is to be owner of the facility. Shareholders with equal shares in the company are Bulgarian Energy Holding EAD and IGI Poseidon S.A.

The complete documentation for participation in the said tender for selection of a contractor as well as all conditions, including deadlines for application are available at the following web addresses:

www.icgb.eu (section – Commercial, regulatory and tender procedures)

www.bgenh.comsection – Announcements / Procedures)

Deadline for submission of applications - 17:00 h, on 27th February 2014.

Appendix 1, Appendix 1А, Appendix 2, Appendix 2А, Appendix 3, Appendix 4, Appendix 5, Appendix 6, Appendix 7, Appendix 8, Appendix 9

Questions and answers

Questions and answers 2

Questions and answers 3

Questions and answers 4

Questions and answers 5

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ICGB AD and TAP AG sign a Cooperation MoU

06/01/2014 Announcements

ICGB AD and the Trans Adriatic Pipeline AG have concluded a Memorandum of Cooperation and Understanding, allowing joint assessment and coordination of the technical and legal aspects related to realizing a physical interconnection between the IGB Pipeline and the Trans Adriatic Pipeline (TAP). The MoU conclusion underlines again the pivotal role of IGB as the entry point for the supply of gas, transported through the Southern Corridor, to the wider region of South East Europe and the complementary nature of the key Southern Corridor gas pipeline projects being currently developed in our region.

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IGB Project FEED study for Greek section submitted

04/01/2014 Announcements

Further to the issuance of the positive EIA Decision in Greek territory, the FEED study of IGB Pipeline has been completed in the Greek section and submitted to ICGB AD by the hired Project Engineer. The completion of the pipeline design documentation for the Greek section allows ICGB AD to proceed with the preparation of the procedure for the issuance of the Installation Act, which is among the key permits to allow the construction of the IGB pipeline in Greece.

 

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IGB Project successfully completes all environmental permit procedures in Bulgaria and Greece

30/10/2013 Announcements

As of October 2013, IGB has definitively completed all Environmental Impact Assessment procedures in the territories of Bulgaria and Greece, in accordance with applicable national and EU law. The positive decision approving the investment proposal was issued by the Bulgarian Ministry of Environment and Waters on 6 February 2013. The environmental approval for the realization of the investment project by the Greek Ministry of Environment, Energy & Climate Change was issued on 29 October 2013. The issuance of the positive EIA Decisions in the two countries follows a process lasting approximately 2 years, which included the development of detailed environmental studies, field observations and EIA reports, conduct of public hearings and a confirmation process with all concerned bodies and agencies in Bulgaria and Greece.  The EIA approvals in the two countries are seen as a crucial achievement in the IGB Project realization process, since they are a key pre-condition for the construction of the pipeline and its financing, including from EU sources.

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The Project has reached a crucial permitting milestone

06/02/2013 Announcements

The ICGB AD is in receipt of the Positive Environmental Assessment Decision for the IGB Project issued by the Bulgarian Ministry of Environment and Waters. The Project has reached a crucial permitting milestone following four seasonal EIA and Appropriate Assessment studies in the Bulgarian territory and mandatory local consultations. The positive decision of the Bulgarian Ministry allows to continue with the design and permitting activities within the preferred route of the IGB pipeline, approved by the Ministry.

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The Exemption Application has been submitted by ICGB AD

27/11/2012 Announcements

The Exemption Application in respect of the IGB Project under art.36 of EU Directive 2009/73 has been submitted by ICGB AD to the Regulatory Authorities of Bulgaria and Greece respectively State Energy and Water Regulatory Commission and Regulatory Authority for Energy. The implementation of the procedure will have a key impact for the completion of the commercial and financing structure of the Project.

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ICGB AD signed a Mandate Letter with the European Bank for Reconstruction and Development

10/10/2012 Announcements

ICGB AD signed a Mandate Letter with the European Bank for Reconstruction and Development creating the framework for the negotiation of a long-term debt financing for the Project. This step once again confirms the strategic regional value of the IGB Project for security and diversification of supply in the region of South East Europe.

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The IGB Project reached a key milestone

12/07/2012 Announcements

The IGB Project reached a key milestone in the environmental impact assessment approval procedure in Greece. The Greek Ministry of Energy, Environment and Climate Change approved the Preliminary Environmental Impact Assessment Report for the Project, which creates a high degree of assurance about the final environmental approval of the Project in the Greek territory.

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Decision No.452/07

07/06/2012 Announcements

Through its Decision No.452/07 June 2012 the Council of Ministers (CoM) of the Republic of Bulgaria approved a new priority designation of the IGB Project in the Bulgarian territory. The Project was declared a “National Project” under the meaning of State Property Act. Cited designation follows previous decisions by the Bulgarian and Greek governments confirming state support and priority designation for the Project, respectively No. 615/14.07.2009 of the Bulgarian CoM and Greek Law 4001/2011.

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Consortium

11/08/2011 Announcements

Consortium - Penspen C&M Engineering has been selected for the conduct of environmental impact assessment, engineering design and permitting activities for the IGB Project following a competitive procurement procedure. The IGB Project has entered the crucial phase of EIAs, pipeline design and approvals to allow development of the project towards the stage of material supplies and construction.

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