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Bulgaria's Overgas to invest 40 mln euro in new gas pipelines in 2020-2024

Author Mario Tanev
Bulgaria's Overgas to invest 40 mln euro in new gas pipelines in 2020-2024 Denys Prykhodov/Shutterstock.com

SOFIA (Bulgaria), October 14 (SeeNews) - Bulgarian gas supplier Overgas said on Monday that it is planning to invest over 79 million levs ($44.5 million/40.4 million euro) in the construction of some 398 kilometres of gas distribution pipelines over the period 2020-2024.

The new infrastructure will help the company to roughly double the number of its clients to 129,000, Overgas said in a statement.

The company's business plan for the regulatory period 2020-2024 has been submitted for approval by Bulgaria's energy regulator, the company noted.

Overgas will also seek an increase in the state regulated gas prices in the review period.

Overgas has invested over 340 million euro in gas infrastructure to date.

(1 euro = 1.95583 levs)

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