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23.05.2014 13:00
Bulgartransgaz Received EUR 11 M Kozloduy Fund Grant for Three Gas Pipelines
The development of the national gas transmission network with the three new gas pipeline branches, the construction of which is scheduled to be completed by 2016, will enable the gasification of the municipalities Svishtov, Pirdop, Panagyurishte, Bansko and Razlog
AUTHOR: publics.bg


  • © Bulgatransgaz

Bulgartransgaz EAD and the European Bank for Reconstruction and Development (EBRD) signed an agreement providing grants from Kozloduy International Fund for the construction of three gas transmission pipelines with automatic gas regulation stations (AGRS) to Svishtov, Panagyurishte, Pirdop, Bansko and Razlog. The total cost of the three projects is estimated at EUR 21,790,000, of which EUR 11,000,000 will be granted from Kozloduy International Fund. Bulgartransgaz EAD’s co-financing amounts to EUR 10,790,000, the company announced in a statement Thursday.

The agreement shall be signed as a result of the decision of the Assembly of the Donors to the Kozloduy International Fund and was effected by the key role of the Ministry of Economy and Energy, conducting active and consistent negotiations during the last year, aimed at considering the three branches as projects of high economic and social value, Bulgatransgaz acknowledged.

The development of the national gas transmission network with the three new gas pipeline branches, the construction of which is scheduled to be completed by 2016, will enable the gasification of the municipalities Svishtov, Pirdop, Panagyurishte, Bansko and Razlog. The projects implementation will enable natural gas supply to seven other municipalities - Belene, Nikopol, Zlatitsa, Strelcha, Mirkovo, Chavdar, Chelopech by construction of gas distribution networks from these branches.

The total population of the twelve municipalities who will benefit the projects exceed 104,000 people. Forty-two industrial consumers, about 300 public users and about 18 900 households shall be the potential users. The estimated total annual consumption of the twelve municipalities can reach 183 mcm.

The gas transmission pipelines' construction will bring significant economic, public and social benefits. The energy efficiency will increase and electricity consumption will be reduced, so the electricity savings are expected to amount to 221 789 MWh/year.


TAGS: Bulgartransgaz | Bulgaria | gas transmission | natural gas | pipeline | Kozloduy International Fund | European Bank for Reconstruction and Development | EBRD | financing 


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