ICGB AD

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

IGB granted final license to start construction on Greek territory

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 INGS license grants the right to ICGB AD to start construction of the project including the pipeline and auxiliary facilities and equipment on the territory of the Hellenic Republic.

The obtaining of this license represents tremendous progress as it is the final step towards securing the regulatory regime of the IGB project and ensuring successful start of the construction of the pipeline on the territory of the Hellenic Republic.

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

Date 22/07/2019