"Bulgartransgaz" EAD took actions for the implementation of the Vertical Gas Corridor
Pursuant to a decision of the National Assembly of March 14, 2024, promulgated on March 19, 2024 in the State Gazette, on the proposal of the executive director of Bulgartransgaz EAD Vladimir Malinov, the company's Management and Supervisory Boards decided to hold of a public procurement in connection with the initiative of the gas transmission operators of Bulgaria, Greece, Romania, Hungary, Slovakia, Ukraine and Moldova for a Vertical Corridor.
The launch of the public procurement in compliance with the applicable Bulgarian and European legislation is in connection with the implementation of the projects to increase the capacity for natural gas transmission at the interconnection points Kulata/Sidirokastro in the direction from Greece to Bulgaria and Negru Voda/Kardam in the direction from Bulgaria to Romania. The expansion of the gas transmission infrastructure of "Bulgartransgaz" EAD will allow achieving the goals of the Vertical Corridor for diversification and improving the security of supplies by transferring additional quantities of natural gas from the south to the north.
The first public procurement, which is planned to be carried out in accordance with the Law on Public Procurement (PPA) is for "Organizational planning, investment design, supply of the necessary materials and equipment, construction and commissioning of new sites for the expansion of the gas transmission infrastructure of "Bulgartransgaz" EAD in order to increase the capacities at the Kulata/Sidirokastro and Negru Voda/Kardam interconnection points. It has three distinct positions - site "Looping from Kulata to Kresna", site "Transmitted gas pipeline from Piperevo to Pernik" and site "Looping from Rupcha to Vetrino". The estimated value of the public procurement is in the amount of BGN 586,669,410.00 (five hundred eighty-six million six hundred sixty-nine thousand four hundred and ten) without VAT.
"Bulgartransgaz" EAD will inform about the subsequent actions in connection with the launch and publication of the public procurement in a timely manner.