J&P AVAX to build Bulgaria-Greece gas pipeline (updated)
14/05/2019 10:45
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SOFIA, May 14 (Reuters) - Greece's J&P AVAX AVAr.AT has
won the tender to build a gas pipeline between Greece and
Bulgaria for 133.85 million euros ($150.46 million), project
manager ICGB said on Tuesday.
Bulgaria plans to launch construction of the 182 km (113
miles) interconnector link later this month and have it
operational in 2020 to transport Azeri gas to Bulgaria and end
its almost complete dependence on Russian gas supplies.
The Greek company won over a consortium of two Bulgarian
companies and Italy's Bonatti, which submitted an offer of 229.3
million euros in the tender.
ICGB has already picked Corinth Pipeworks, part of Cenergy
Holdings CENER.BR , to provide the pipes for the gas link with
the planned annual capacity of three billion cubic meters.
ICGB is 50% 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 = 0.8896 euros)
(Reporting by Tsvetelia Tsolova, editing by Louise Heavens)
((tsvetelia.tsolova@thomsonreuters.com; +359-2-93-99-731;))