ICGB Invites 5 Candidates to Bid for Building Greece-Bulgaria Gas Link

ICGB Invites 5 Candidates to Bid for Building Greece-Bulgaria Gas Link

ICGB, the company developing the Gas Interconnector Greece-Bulgaria project, said that following pre-selection it has invited five candidates to submit an offer for a 145 million euro ($165 million) contract for design, procurement and construction of the gas link. The selected candidates are DZZD IGB - 2018, JV Max Streicher - Terna/ICGB, Consortium Spiecapag Trace IGB 2018, J&P AVAX S.A. and Joint Venture CPP - Aktor, ICGB said in a notice last week. Six companies and tie-ups were disqualified in the pre-selection phase, ICGB said. The IGB pipeline will connect the Greek gas transmission system in the area of Komotini to the Bulgarian gas transmission system in the area of Stara Zagora. The planned length of the pipeline is 182 km and the projected capacity will be up to 3 billion cu m per year in the direction from Greece to Bulgaria. Depending on interest from the market and the capacities of the neighbouring gas transmission systems, the capacity of the pipeline can be increased up to 5 billion cu m per year, thus allowing for physical reverse flow from Bulgaria to Greece with the additional installation of a compressor station.

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