Greece's J&P AVAX files lowest bid to build Bulgaria-Greece gas link (updated)
23/04/2019 12:49
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SOFIA, April 23 (Reuters) - Greece's J&P AVAX AVAr.AT
filed the lowest offer in a tender to design and build a gas
pipeline between Bulgaria and Greece, project manager ICGB said
on Tuesday.
The company offered a price of 144.85 million euros ($163
million) to build a 182 km (113 mile) pipeline which Sofia hopes
will become operational in 2020 to transport Azeri gas to
Bulgaria and end its almost complete dependence on Russian gas
supplies.
A consortium of two Bulgarian companies and Italy's Bonatti
submitted an offer of 229.3 million euros in the tender.
ICGB said it would examine the offers and pick a winner by
the end of May. The pipeline will have an annual capacity of 3
billion cubic metres.
The European Commission has said it would invest 33 million
euros of European Union funds in the project.
ICGB is 50 percent owned by Bulgaria's state-held BEH energy
holding company. The remaining shares are held by the Greek gas
company DEPA and Italy's Edison EDNn.MI .
($1 = 0.8890 euros)
(Reporting by Tsvetelia Tsolova and Angel Krasimirov; editing
by David Evans and Jason Neely)
((angel.krasimirov@thomsonreuters.com; +359 888 695 510;))