Energy projects will apply under "Juncker" investment plan

02.06.2016

Key projects of the Bulgarian energy sector will apply for funding under the plan "Juncker". They include four projects of the Electricity System Operator and projects related to the construction of the gas interconnector Bulgarian-Greece. That said Energy Minister Temenuzhka Petkova during the Tenth National Discussion "Yes! To the Bulgarian Economy", dedicated to the new investment opportunities in Bulgaria.

So far the construction of the interconnector Bulgaria-Greece is funded through a grant amount of 45 mln. euros. The total cost of the project is about 220 mln. euros. According to the Ms.Petkova, the construction of the interconnector meets all eligibility criteria of the investment plan. She noted that Bulgaria participates in four projects of the Electricity System Operator totaling 245 mln. euros, for which there is available own financing, but the successful finalization will require the support of the European investment plan too.

Source: Ministry of Energy