Bulgaria to Use EU Funding to Implement 5 Energy Projects worth over EUR 4 M

Bulgaria is to implement 5 energy projects worth over EUR 4 M with EU funding.

The EU funding will go to the design studies for the construction of the Bulgaria-Turkey gas grid interconnection, the construction of the Yadenitsa hydropower plant, and transmission lines from the Maritsa East 1 thermal power plant to different parts of the country.

The EU funding allocated to Greece envisages the construction of a connection from the Maritsa East 1 TPP to the Greek power grid.

The biggest portion of EU funding, a total of EUR 315 000, will go to design studies for the construction of the Burgas-Dobrich transmission line.

A total of EUR 306 000 will be paid for the design studies related to the transmission line between the Maritsa East 1 TPP and the Greek town of Nea Santa, while a sum of EUR 279 000 will be spent on the design studies for the transmission line between the Maritsa East 1 TPP and Burgas.

EU Member States agreed Wednesday to allocate EUR 647 M to support key infrastructure projects.

The bulk of the support goes to gas projects in the Baltic region as well as in Central Eastern and South Eastern Europe.

Funding will come from an EU programme called the Connecting Europe Facility (CEF).

The EU funding includes 34 grants, of which 16 are in the natural gas sector and 18 in the electricity sector, 28 grants are paid for studies, such as environmental impact assessments (EUR 91.4 M), and 6 grants go to construction works project (EUR 555.9 M).

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