CEZ agreed to sell its Bulgarian assets to Inercom - Bulgaria, 22 February 2018  |  Overhaul of unit A4 at TPP Nikola Tesla A to start in March - Serbia, 20 February 2018  |  RES production would not longer need subsidies if revenue predictability could be achieved - Romania, 20 February 2018  |  Romgaz expects additional expenses due to increased royalties in 2018 - Romania, 20 February 2018  |  Romania to double its gas output by 2025 - Romania, 20 February 2018  |  MOL Romania increased diesel retail sales in 2017 - Romania, 20 February 2018  |  Construction of the largest solar power plant is about to start - Hungary, 20 February 2018  |  MOL’s 2017 net income rose by 17 % - Hungary, 20 February 2018  |  IBEX launched intraday market registration - Bulgaria, 20 February 3018  |  RS postponed the announced suspension of gas transport to FBiH - Bosnia and Herzegovina, 20 February 2018  |  Shell signed oil exploration agreement for Block 4 - Albania, 20 February 2018  |  EBRD to allocate 1.2 billion euros for TAP in 2018 - Region, 20 February 2018  |  Construction of TurkStream gas pipeline 48 % complete - Turkey, 19 February 2018  |  NPP Krsko production in January - Slovenia, 19 February 2018  |  EPS to shut down TPP Morava in five years - Serbia, 19 February 2018  |  Nuclearelectrica should acquire CNU - Romania, 19 February 2018  |  Extra dividends will urge state-owned companies to invest more - Romania, 19 February 2018  |  Hidroelectrica’s IPO should not be rushed - Romania, 19 February 2018  |  Hidroelectrica relaunched HPP Vidraru rehabilitation tender - Romania, 19 February 2018  |  Building permit for SHPP Bukovica issued - Montenegro, 19 February 2018

Contractor selection procedure for IGB pipeline to begin by end-2017 – Region, 16 June 2017

Executive Director of ICGB, a joint venture company of Bulgarian Energy Holding (BEH) and IGI Poseidon, in which Greek Public Gas Corporation (DEPA) and Italian Edison hold equal stakes, Teodora Georgieva said that the procedure for the selection of a contractor for the engineering and procurement of pipes and equipment for the construction of gas interconnection between Greece and Bulgaria (IGB pipeline) will be launched by the end of the year, adding that it is expected that the project will be completed in 2020.
Georgieva reminded that estimated cost of the project is 220 million euros, of which 45 million euros are provided under the European Energy Program for Recovery (EEPR), adding that in recent years the company experienced some difficulties in providing additional funds within the structural funds, but some new developments regarding this matter is expected in the following days. The higher percentage of external financing makes the project even more competitive, Georgieva concluded.

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