ICGB AD Bulgaria

ICGB utilizes first EUR 30 million in EIB loan for the realization of the Gas Interconnector Greece-Bulgaria

The project company ICGB which is responsible for the implementation of the Greece-Bulgaria gas interconnector, has successfully utilized the first tranche of the loan financing from the European Investment Bank (EIB). The total value of EIB financing for the purposes of the project amounts to EUR 110 million, which is secured by a guarantee from the Bulgarian state.

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 Bulgarian parliament approved the tax regime of the interconnector with Greece for a period of 25 years

The Energy Committee at the National Assembly approved the bill for the Ratification of the Intergovernmental Agreement between the Republic of Bulgaria and the Hellenic Republic regarding the project for the construction of the gas interconnector between Greece and Bulgaria (the IGB gas pipeline).