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5 Aug , 2016

ICGB Market Test: 2nd Bidding Phase Launch

ICGB AD, project company developing the Gas Interconnector Greece-Bulgaria (IGB), equally controlled by IGI Poseidon SA of Greece and Bulgarian Energy Holding EAD of Bulgaria,  announces the launch of the 2nd Bidding Phase of the IGB Market Test through the publication of the relevant Bidding Phase  Guidelines.

The Market Test is conducted in two phases: the Expression of Interest Phase that was concluded by April 8th 2016 and the Bidding Phase that starts today.

The Bidding Phase Guidelines have been approved by the relevant National Regulatory Authorities, namely  EWRC of Bulgaria with Decision No.У-3 of 21 July 2016 and RAE of Greece with Decision No. 255/2016 of 28 July 2016 .

The Expression of Interest Participants  and TSOs will be directly informed, provided with the relevant documents and invited to participate in the Bidding Phase in accordance with art. 3 of the Bidding Phase Guidelines.