Two Bulgarian Projects to be Allocated Funding Under Connecting Europe Facility
Wednesday, 27 January 2016
Two Bulgarian energy projects will be allocated financing under the EU's Connecting Europe Facility funding programme for infrastructure.
Last week, the EU countries agreed on a proposal of the European Commission to invest 217 million euros in fifteen key trans-European energy infrastructure projects mainly in Central and Eastern Europe.
Nine of the projects are in the gas sector and will be allocated 207 million euros, while the other six which are in the electricity sector will receive 10 million euros.
Thirteen of the projects relate to studies and will be awarded 29 million euros, while the remaining 188 million euros will be allocated to two construction projects.
The selected projects are expected to increase energy security and contribute to ending the isolation of EU member states from EU-wide energy networks.
The projects will also contribute to completing the European energy market and the integration of renewable sources of energy into the electricity grid.
Bulgaria will be allocated funding for conducting modernisation studies on its gas transmission network, which is aimed at improving possibilities for gas transport in the region, with neighbouring Greece, Romania, Macedonia and Turkey expected to also benefit.
The interconnector linking gas networks in Bulgaria, Romania, Hungary and Austria will also be allocated funding.
This project is of vital importance as it will allow gas from the Caspian region and other potential sources, including LNG, to reach Central Europe.
Sofia News Agency