ICGB completed the procedure for selection of a leading insurer for the gas interconnector with Greece
The project company ICGB AD successfully completed the tender for the selection of the leading insurer for the project "Gas Interconnector Greece - Bulgaria". The UK based company AIG UK has been selected as contractor after a two-step procedure.
ICGB is taking measures for the safety of its staff members in light of COVID-19
In regard to the situation with the spread of COVID-19, ICGB is taking further action to minimize the risk for its employees in full compliance with the recommendations of WHO and the responsible authorities’ instructions.
47 km line pipes for the interconnector Greece-Bulgaria are now produced
The Greek company Corinth Pipeworks has already completed the production of 47 km line pipes for the route of the Greece-Bulgaria gas interconnector. The first batch consists of 32-inch in diameter line pipes with external three-layer polyethylene coating. Its delivery is scheduled for the first week of February as the pipes will be transported to storage bases along the IGB route in both Greece and Bulgaria. Thanks to the excellent cooperation of all stakeholders, construction work is progressing, and the project is moving forward according to plan.
The implementation of the LNG terminal near Alexandroupolis will help fill IGB’s capacity
The successful implementation of the project for a liquefied natural gas terminal near the Greek city of Alexandroupolis is of particular importance for the IGB project, as it will create more opportunities for gas transmission through the Greece-Bulgaria interconnector. The two energy projects are being developed in full synergy, relying on the active support of both Bulgaria and Greece.
ICGB renewed its participation in the Memorandum of Understanding on the implementation of the Vertical Gas Corridor with companies from 3 countries
Representatives of Bulgartransgaz EAD (Bulgaria), ICGB AD (Bulgaria), DESFA S.A. (Greece), FGSZ LTD (Hungary) and SNTGN TRANSGAZ S.A. (Romania) signed a renewal of the Memorandum of Understanding on the implementation of the Vertical Gas Corridor. The meeting was held in Brussels and the Memorandum was signed in the presence of Klaus-Dieter Borchardt, Director of the Directorate-General for Energy at the European Commission. He expressed his support for energy connectivity in the region and the development of energy supply opportunities through new initiatives.
SAC has definitively rejected the appeal against ICGB for the procedure for manufacture and supply of line pipes for the gas interconnector with Greece
The ruling of the court confirms that the procedure for selecting a contractor for one of the key public contracts for the construction of the Greece-Bulgaria interconnector is lawful and complies with the Bulgarian legislation.
ICGB is one step away from completing the procedure for certification as an independent transmission system operator
The national energy regulators of Greece and Bulgaria issued a joint decision approving the Network Code and Tariff Code for the IGB project. With this decision, the project company ICGB AD has successfully completed the next step in the process for certification as an independent gas transmission operator.
ICGB signed key agreements required for the full mobilization for the construction of the Greece-Bulgaria gas interconnector
Today, during a formal ceremony in the presence of the Ministers of Energy of Greece and Bulgaria, a number of important agreements and contracts for the IGB project were signed, regulating the financing and confirming the business model of the interconnector. Their successful completion is a prerequisite for the full mobilization for the construction of the gas interconnector.
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 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 by 31st of July 2019
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.
Gas Interconnector Greece-Bulgaria is co-financed by the European Union's
European Energy Programme for Recovery programme.
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