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    Reference: 20210737
    Release date: 30 May 2022

    Promoter – Financial Intermediary




    An investment loan to co-finance, alongside the Recovery and Resilience Facility (RRF), a multi-scheme investment programme for the digital transformation, rehabilitation and upgrade of Bulgaria's electricity transmission network from 2022 to 2026.


    The programme is expected to improve the planning, operation, monitoring, control, maintenance and protection functions of the transmission network, increase its capacity, improve its flexibility, reliability, safety and security, and enable the integration of increasing amounts of renewable energy sources.


    • Energy - Electricity, gas, steam and air conditioning supply

    Proposed EIB finance (Approximate amount)

    EUR 118 million

    Total cost (Approximate amount)

    EUR 332 million

    Environmental aspects

    Some schemes fall under Annex II of Directive 2014/52/EU, amending the EIA Directive 2011/92/EU, which requires the competent national authority to determine the need for an EIA. The impacts that can be typically expected for these schemes relate to visual impact, impact on flying vertebrates, electromagnetic fields, noise nuisance, and disturbances during construction, as well as the possible impacts on protected fauna and flora (Habitats 92/43/EC and Birds 2009/147/EC).


    The Bank will require the Promoter to ensure that contracts for implementation of the project have been and will be tendered in accordance with the applicable EU procurement legislation, 2014/25/EU as well as Directive 92/13/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required


    Under appraisal - 10/05/2022


    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).

    Related tags

    Bulgaria Energy