Bulgartransgaz seeks 155 mln euro working capital, investment loan

Bulgartransgaz seeks 155 mln euro working capital, investment loan

Bulgaria's gas transmission system operator Bulgartransgaz is seeking loan financing of up to 155 million euro ($187.4 million) with a repayment term of 6 years, in order to cover its working capital needs and finance investment, it said on Tuesday.

Bulgartransgaz is working on multiple infrastructure projects, including the capacity expansion of the Chiren underground natural gas storage facility, the gas interconnector with Serbia, the participation in the liquefied natural gas terminal near Alexandroupolis and others, the state-owned company said in a statement.

The cost of the financing should be no more than 2.5% annually, Bulgartransgaz noted.

The deadline for submitting offers is March 5.

Bulgartransgaz recently launched a 144 million levs tender for the supply of equipment and construction of Bulgaria's section of the gas link with Serbia and a 5.4 million levs tender for drafting an investment project for the upgrade of the above-ground facilities of the Chiren gas storage facility.

Previous Next
Close
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.