Examples of Incremental Capacity Project in a sentence
Expected benefitDiversification of supply sources,security of supplyStart dateJul-0716Final Investment DecisionNo17Operation Date-Entry in the system-18Current StatusUnder maturity19Financing planNot defined yetRecovery methodNot defined yetInclusion in the 3 year DevelopmentNo The project is part of the Incremental Capacity Project Greece- Italy, submitted to RAE by DESFA’s letter n.
The three TSOs received non-binding demand indications and produced a joint Demand Assessment Report (DAR), published on the 21st of October 2019, concluding that there was sufficient indicative demand to initiate an Incremental Capacity Project.
Market Demand Assessments (hereinafter: MDA) based on non-binding demand indications received in October 2017 concluded that an Incremental Capacity Project (hereinafter: ICP) by Magyar Gáz Tranzit, ZRt., Eustream, a.s. and Gas Connect Austria GmbH (hereinafter: GCA) “consistent with intention of” Commission Regulation (EU) No. 459/2017 Art 26 shall be started.
In case ICGB will proceed with the implementation of the respective Incremental Capacity Project on its side of the IP, BULGARTRANSGAZ will implement this investment within the same timeline.
On 31/10/2022, Snam Rete Gas (together with the other shippers involved) published the Incremental Capacity Project Proposal related to the Melendugno importation point, subsequently sending it to the competent regulatory authorities ("Project Proposal"), for approval.
The following Non-binding demand indications for firm long-term capacity have been received at the IP on ICGB side, and consequently considered in the Design Phase of the Incremental Capacity Project.
In line with the provisions of Articles 8.8 and 30.5 of the CAM NC, BULGARTRANSGAZ and ICGB will set aside an amount of 10% of the capacity of the incremental capacity to be offered as short-term capacity*.The Offer Level(s) in the table below represent the long-term incremental capacity that could be allocated in the Binding Bidding Phase of this Incremental Capacity Project.
Based on the demand expressed by the network users, the TSO will produce a Market Demand Assessment Report, which will evaluate the prospective need for Incremental Capacity and will state whether an Incremental Capacity Project will be initiated.
A.1. Market demand for incremental capacityThe following non-binding demand indications for firm, long term capacity have been received at Komotini IP, and consequently considered in the design phase of the Incremental Capacity Project.
If infrastructure upgrades necessary for the Incremental Capacity Project are realised by the interconnected TSOs, then additional natural gas flows from the Greek-Turkish border, Greece or Albania will potentially reach downstream markets.