The independent transmission operator ICGB has received approval of the final payment from the grant funding for the implementation of the Greece-Bulgaria interconnector, provided under the Operational Program “Innovation and Competitiveness” (OPIC), Report informs referring to ICGB.
The total funding allocated under OPIC amounts to 39 million euros. It is disbursed to the pipeline operator in tranches, following thorough inspections at each stage to ensure quality and successful completion of works.
“The latest tranche of about 1.75 million euros has already been utilized, completing the funding process under OPIC. This is yet another indication of the quality work done by the ICGB team and a positive assessment for the company and its compliance with the rules and requirements introduced by the European financial institutions,” announced ICGB’s Executive Officers Teodora Georgieva and George Satlas.