As stated by the DFC, The proceeds of the Loan will be used to finance the expansion of the Chiren underground gas storage facility in Bulgaria from a current active gas volume of 550 million cubic meters to an active gas volume of 1 billion cubic meters.
The Project consists of: (i) above ground facilities consisting of a compressor station, new gas metering station, and auxiliary equipment, including procurement of the necessary materials and equipment, construction and commissioning; (ii) a 41km pipeline connecting the Project to the rest of the Bulgarian gas transmission network, including investment design, procurement of the necessary materials and equipment, construction and commissioning; [and (iii) underground facilities consisting of ten wells for the injection and withdrawal of the stored gas, and three observation wells to monitor the conditions of the UGS, including spatial planning, investment design, procurement of the necessary materials and equipment, construction and commissioning.]
Investment information not provided at the time of disclosure.
Bulgartransgaz EAD is an independent natural gas transmission and storage system operator of Bulgaria, 100% owned by Bulgarian Energy Holding EAD, a state owned energy holding company 100% owned by the Ministry of Energy of Bulgaria. The client owns and operates 3,276 km of gas transmission network and 550 mcm of underground gas storage.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|Bulgarian Energy Holding EAD||Parent Company||Energy||owns||Bulgartransgaz EAD||Client||Energy|
Location of Local Access to Project Information:
Chiren Town Hall, Vratsa Municipality, Bulgaria
Borrower - BULGARTRANSGAZ EAD:
Address: Lyulin 2 residential district, 66 Pancho Vladigerov Blvd., 1336 Sofia
Phone: (+359 2) 939 63 00
Fax: (359 2) 925 00 63
Contractor - UGS CHIREN-ENGINEERING DZZD:
Address: Sofia, 1359, Lyulin 5 residential district, bl. 552, entr. B, floor 5, apt. 18
Phone: (+359) 878 606 360
Phone: (+359) 899 175 654
ACCESS TO INFORMATION
Unlike many other development finance institutions, DFC does not currently have an access to information policy.
Under the United States Freedom of Information Act (FOIA), DFC is obliged to respond to reasonably formulated requests for Agency records. However, DFC may apply exemptions from release to certain types of information and may charge fees in responding to requests. DFC has a designated FOIA officer who is trained in how to respond to requests and implement the law. You can learn more about filing a FOIA request at: https://www.dfc.gov/foia
ACCOUNTABILITY MECHANISM OF THE UNITED STATES INTERNATIONAL DEVELOPMENT FINANCE CORPORATION (DFC)
The Office of Accountability is an independent office that addresses complaints about environmental or social issues related to DFC-supported projects. The office provides communities an opportunity to have concerns independently reviewed and addressed. If you submit a complaint to the Office of Accountability, it may assist you by either seeking to address your problems by facilitating a problem solving dialogue between you and those implementing the project and/or investigating whether the DFC complied with its policies to prevent environmental, social, human rights, and labor harms.
You can find more information about the Office of Accountability at: https://www.dfc.gov/who-we-are/office-accountability