OPERATIONAL PROGRAM

The independent transmission operator ICGB absorbed the last tranche of the long-term loan from the European Investment Bank (EIB) for the implementation of the intersystem gas connection Greece-Bulgaria.

ICGB was granted the first major instalment from the approved financing under the Operational Program Innovation and Competitiveness (OPIC). EUR 28 499 999 were transferred to the project company for the implementation of the interconnector Greece-Bulgaria following a through compliance check of the tender procedure related to the line pipe production and delivery and subsequent review of the documentation related to the execution of the contract.