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See News (10 April 2019)

The European Commission's Innovation and Networks Executive Agency (INEA) said that it has signed two grant agreements with Bulgaria, worth a total of 55 million euro ($62 milllion), aimed at funding two energy projects.

The project for construction of a 400 kV interconnection line between Bulgaria's Maritsa East substation and the Nea Santa substation in Greece will benefit from a 28 million euro grant, while a project for rehabilitation and modernisation of the internal Bulgarian gas transmission network will receive 27 million euro, INEA said in a statement last week.

Both grants will come from the Connecting Europe Facility (CEF), which is partially managed by INEA.

The CEF already co-financed the studies and pre-investment works, and the cost-benefit analysis and business plan for the Maritsa East - Nea Santa power line project. The new funding will support the construction and commissioning of an approximately 123 km long overhead transmission line on the territory of Bulgaria between the substation Maritsa East and the Bulgarian-Greece border connection point, the agency said.

The CEF also previously co-financed the modernisation of three gas compressor stations, and preparatory and engineering activities in connection to the gas transmission network rehabilitation and modernisation project.

The new funding will support the rehabilitation of two sections of the Northern semi-ring of the transmission network to ensure secure and reliable gas transmission, to increase natural gas transmission capacity and to improve the conditions for injection and withdrawal of the Bulgarian underground gas storage facility.

https://seenews.com/news/eu-grants-55-mln-euro-to-bulgaria-for-two-energy-projects-650136