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Signature(s)

Amount
€ 22,000,000
Countries
Sector(s)
Greece : € 22,000,000
Energy : € 22,000,000
Signature date(s)
3/02/2006 : € 22,000,000
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Summary sheet

Release date
1 July 2005
Status
Reference
Signed | 03/02/2006
20050154
Project name
Promoter - financial intermediary
Turkey-Greece interconnetor
Public Gas Corporation of Greece (DEPA) S. A.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Of the order of EUR 22 m.
Of the order of EUR 81 m.
Location
Sector(s)
Description
Objectives

The project consists of the construction of an underground high pressure gas pipeline connecting Komotini with Alexandroupolis and the Turkish natural gas network at the Greek-Turkish border.

The project is a priority scheme in the Trans-European Network for energy, allowing for import of natural gas from Turkey to Greece and potentially for transit of gas to other countries in Europe or the Balkans.

Environmental aspects
Procurement

The project falls under Annex I of Directive 97/11/EC and requires a full environmental impact assessment. The assessment was conducted and it concluded that impacts resulting from construction and operation will stay within acceptable limits. At the request of the Ministry of Environment particular attention was given to the crossing of a Natura 2000 area (protection of rare birds) with respect to pipeline routing and timing and execution of construction works.

The project falls under the Directive 93/38/EC and its amendment 98/4/EC. The promoter has confirmed compliance with the respective requirements and with Greek legislation applicable to the project.

Comments

Oil and Gas.

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Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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