EU to Allocate Funding to Two Energy Infrastructure Projects in Bulgaria
Wednesday, 15 July 2015
EU member states approved on Tuesday the proposal of the European Commission (EC) to allocate 150 million euros to twenty key trans-European energy infrastructure projects. Among the projects selected for receiving financial assistance under the first Connecting Europe Facility (CEF) Energy 2015 call for proposals are two Bulgarian ones.
The two projects concern the construction of a new 400 kV overhead transmission line (OHTL) between Maritsa East and Burgas and the conduct of 3D seismic surveys as a part of the Chiren underground gas storage (UGS) expansion project 6.20.2.
The internal transmission line between Maritsa East and Burgas is part of a cluster of four lines increasing the connectivity between Bulgaria and Greece. The maximum financial assistance that the two projects are eligible to receive is respectively 29 million levs for the overhead transmission line and 3.9 million levs for the 3D seismic survey.
The majority of the funding will be allocated to projects in Central Eastern, South Eastern Europe and the Baltic region. The selected projects are aimed at increasing energy security and reducing the isolation of member states from EU-wide energy networks.
They will also contribute to the completion of a European energy market and the integration of renewable energy sources into the electricity grid.