ICGB achieves another #milestone at the very end of 2020 - the first interim payment of the grant #financing under the European Energy Program for Recovery (EEPR) was approved by the European Commission. Along with the construction progress on the IGB #pipeline, the project company has initiated the process for the claim of the incurred eligible expenses under the #EEPR program. Upon completion of a thorough audit, ICGB has submitted the First Interim payment request. Following the EEPR rules and requirements and after the examination of the provided documents, the EC has now officially approved the first interim payment in the amount of EUR 6.400.480,56.
This is an important sign of the continuous support the EC provides for the IGB project, together with appreciation for the strict #compliance procedures ICGB follows in its day to day work and operations. The project company has initiated a similar procedure in relation to the claim for reimbursement of the eligible expenses under the Operational Program Innovation and Competitiveness. The #audit is expected to be finalized by the end of January 2021.
The ICGB team is delighted that despite of all challenges the current year has presented, IGB is on the right track and the project is progressing steadily.