News

EU secures EUR 29 million for transmission line

Published

July 14, 2015

Comments

comments icon

0

Share

Published:

July 14, 2015

Comments:

comments icon

0

Share

European Commission said European Union Member States agreed on its proposal to allocate EUR 150 million to key trans-European energy infrastructure projects, including maximum financial assistance of EUR 29 million for the construction of a 400 kV overhead transmission line between Maritsa East and Burgas in Bulgaria. The applicant was Elektroenergien Sistemen Operator EAD and the internal connection is part of a cluster of four lines increasing the connectivity between Bulgaria and Greece.

In total, 20 projects were selected following a call for proposals under the Connecting Europe Facility (CEF), an EU funding programme for infrastructure. The selected projects will increase energy security and help end the isolation of member states from EU-wide energy networks, the press release said. They will also contribute to the completion of a European energy market and the integration of renewable energy sources into the electricity grid.

Seventeen projects relate to studies, such as environmental impact assessments (EUR 30 million), and three to construction works (EUR 120 million). Eleven are in the gas sector (EUR 80 million) and nine are for electricity (EUR 70 million).

A total of EUR 5.35 billion has been allocated to trans-European energy infrastructure for the period of 2014-2020 under the CEF. In order to be eligible for a grant, a proposal must relate to a project included in the list of projects of common interest.

Related Articles

Delyan Iliev, Managing Director of REIB

Energy storage in focus: How custom insurance solutions are fueling Southeast Europe’s green transition

27 June 2025 - Delyan Iliev, Managing Director of Renewable Energy Insurance Broker (REIB), talks about the critical role of custom-made insurance solutions in the success of BESS projects.

gvozd wind farm epcg loan ebrd

Montenegrin power utility to borrow EUR 25.6 million for phase 2 of Gvozd wind farm

27 June 2025 - EPCG plans to take out a EUR 25.6 million loan from the EBRD for the Gvozd 2 wind farm project, with an installed capacity of 21 MW.

Fortis Energy Albania 62 MW solar power

Fortis Energy gets green light in Albania for 62 MW solar power project

27 June 2025 - Fortis Energy received approval from the Albanian government for the construction of a 62 MW solar power plant in the country's southeast

bisol solar modules factory slovenia

Solar module maker Bisol to triple production capacity with new Slovenian plant

27 June 2025 - Slovenian manufacturer of solar modules Bisol Group plans to build a new factory in an investment estimated at EUR 32.3 million