BULGARIA BENEFITS FROM BRUSSELS EUR 2,3 B FOR ENERGY PROJECTS
The European Commission gave a green light to EUR 2,3 B to finance forty-three energy projects in Europe in a bid to boost the energy sector, it said on Thursday.
"Investing in key infrastructure will not only give a push to the economy and employment, but it will also help ensuring that citizens' homes will have heating and electricity, even in the event of supply disruptions," the commission's President Jose Manuel Barroso said in a statement.
Bulgaria will receive funding for the Nabucco pipeline project, which is supposed to carry Caspian gas to Austria. All Nabucco projects are receiving EUR 200 M, while its potential competitor ITGI--which would carry the gas to Italy--will get EUR 100 M.
Other gas and electricity infrastructure gas links connecting different European Union markets or making it possible to reverse the gas flow in the pipelines, such as those between Bulgaria, Romania and Greece - were also granted millions of euros.
Bulgaria and Greece will receive EUR 45 M to connect their gas pipelines, while the sum allocated for Bulgaria and Romania for the same project stands at EUR 8,9 M.
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