The Greek Regulatory Authority for Energy (RAE) has issued a Decision No 671/2019 granting ICGB AD a license for Independent Natural Gas System (INGS). The license, issued on June 27th 2019 and notified on July 18th 2019, concerns the Greek section of the Greece-Bulgaria Interconnector (IGB). The INGS is issued for a period of fifty (50) years and expires on 27/06/2069.
The deadline for submission of applications for participation in the public procurement for selection of a leading insurer for "Gas interconnector Greece-Bulgaria" project is extended with one week - until 31 July 2019 due to expressed interest and requests for extension of the deadline received by potential candidates. Тhe extension of the deadline will not affect the construction schedule as the main risks will be covered by the EPC contractor.
The project company ICGB announced a tender for the selection of the leading insurer for the project "Gas Interconnector Greece - Bulgaria".
The leading insurer shall cover for all insurance risks (Construction All-Risk or CAR insurance).
