Fintel Energija submitted an application for listing on the Belgrade Stock Exchange - Serbia, 19 April 2018  |  New RES support scheme is in the making - Serbia, 19 April 2018  |  Dedeman stake in Conpet reached 7.4 % - Romania, 19 April 2018  |  Competition Council finds that electricity tariffs are inflated - Romania, 19 April 2018  |  New auction for RAFO Onesti industrial platform - Romania, 19 April 2018  |  Romgaz to withdraw from two blocks in Slovakia - Romania, 19 April 2018  |  Draft bill on the sale of PPC’s coal-fired units submitted to the Parliament - Greece, 19 April 2018  |  TPP Maritsa East 2 signed a contract for desulfurization system repairs - Bulgaria, 19 April 2018  |  Italian Edison to buy natural gas from Azerbaijan - Region, 19 April 2018  |  ICGB to select pipe supplier in June - Region, 19 April 2018  |  Turkey to add 10,000 MW in both solar and wind energy in the next ten years - Turkey, 18 April 2018  |  BSP to stage an auction for the purchase of electricity for TALUM - Slovenia, 18 April 2018  |  Transelectrica appointed President of its Supervisory Board - Romania, 18 April 2018  |  Romania needs to decide what to do with the Black Sea gas - Romania, 18 April 2018  |  New RES target for 2030 set to 35 % - Romania, 18 April 2018  |  Ministry of Energy urges Transgaz to distribute 90 % of last year’s profit as dividends - Romania, 18 April 2018  |  Geo Power Group interested in investing in BiH - Bosnia and Herzegovina, 18 April 2018  |  Bulgaria willing to participate in Alexandroupoli LNG project - Bulgaria, 18 April 2018  |  Energy Ministers of Serbia and Turkey discussed gas projects - Region, 18 April 2018  |  Hellenic Petroleum privatization tender launched - Greece, 19 April 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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