ICGB AD

Co-financed by the Europen Union, Europen Energy Programme for Recovery European Regional Development Fund Operational Program Innovation and Competitiveness

All key activities for the implementation of the interconnector Greece - Bulgaria are progressing on the territory of both countries

The Executive Officers of ICGB inspected the progress of the construction activities on site of the interconnector Greece - Bulgaria and held an operational meeting with the EPC contractor

The Executive Officers of the project company ICGB from Bulgarian and Greek side Teodora Georgieva and Konstantinos Karayannakos inspected on site the progress on the construction activities of the gas interconnector between Greece and Bulgaria. The two participated in a meeting with representatives of the company AVAX, responsible for the construction of the IGB gas pipeline, which will connect Bulgaria's gas transmission network with that of the Hellenic Republic.

During the meeting, the progress of the main activities for the implementation of the project on the territory of both countries was discussed. All activities on site are carried out under strict control for compliance with the imposed anti-epidemic measures set by the health authorities. The project company and the contractors for the main activities of the IGB project have established the necessary organization for comprehensive testing of employees and to this date there are no registered cases of coronavirus.

The Greece-Bulgaria interconnector has a planned gas transmission capacity of 3 billion cubic meters per year with the option to reach 5 billion cubic meters. The total length of the route is 182 km, 150 km of which are on the territory of Bulgaria. Nearly 110 km of the terrain have already been cleared, the humus has been removed and the route has been prepared for the next phase of construction activities. "All teams are actively working on the realization of the IGB project and the main activities on its implementation are making significant progress despite the complications that have occurred due to the spread of the coronavirus," said the Executive Officers Teodora Georgieva and Konstantinos Karayannakos. According to them, about 100 km of line pipes with a length of 12 m and 18 m have already been produced and successfully delivered.

"The Greek company Corinth Pipeworks is operating according to schedule for the production and delivery of the pipes, as over 50% of the required quantities have already been delivered to our warehouses near Komotini, Haskovo, Dimitrovgrad and Momchilgrad. Deliveries of line pipes from the third of a total of five milestones are already in motion. These activities are progressing according to the approved terms under our signed contract," Karayannakos explained.

Over 45 km of stringing on the route is completed, and the process continues both on Bulgarian and Greek territory. Two types of welding activities are performed for the purposes of the IGB project - manual and automatic. Over 10 km of the route is welded, and non-destructive control of the welds is being performed. The process of automatic welding of the pipes has already started, which will speed up the realization of the interconnector.

"The IGB project will bring guaranteed diversification of natural gas sources for Greece and Bulgaria. Its significance exceeds the national borders of the two countries. The gas interconnector is in synergy with key large-scale energy projects such as TAP and TANAP as part of the Southern Gas Corridor, as well as with the planned LNG terminal in Alexandroupolis, Greece, in which the Bulgarian country participates as a shareholder. It will provide increased security of gas supplies and a variety of natural gas sources”, said Teodora Georgieva. According to her, through the IGB pipeline Bulgaria can have access to natural gas from Azerbaijan, the United States, Israel, Egypt, and other countries.

The project is a priority for the national governments of Greece and Bulgaria. IGB also receives strong support from the European institutions. The implementation of the project is irreversible, and its funding is provided through shareholders' capital, a loan from the European Investment Bank (EIB) for a total of EUR 110 million with a state guarantee and EUR 39 million under the Operational Program "Innovation and Competitiveness 2014 -2020“. For the purposes of the project, EUR 45 million have been provided from the European Energy Program for Recovery.

The implementation of the project creates opportunities for gas transit through the Greece-Bulgaria gas pipeline and the gas transmission system of Bulgartransgaz EAD to the countries in South-East and Central Europe.

 

For more information:
Diana Zaykova
Action Global Communications Bulgaria
Tel.: +359 2 9803018
Mobile: +359 885 074422

Date 17/07/2020