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Energa SAPublikacja: 2024-11-08 15:25
EIB offers up to EUR 810 mln loan for distribution grid modernisation to Energa power
Poland's largest energy concern Orlen's subsidiary, power utility Energa, can benefit from a loan of up to EUR 810 million granted by the European Investment Bank for the modernisation, expansion and digitisation of the distribution network in northern and central Poland, according to the Bank's information published on its website.
"The project consists in an investment programme of Energa SA electricity distribution network in Poland over the period 2023-2025. The programme includes investments in network rehabilitation and expansion, and metering," EIB wrote.
The cost of the programme is EUR 1.5 billion and the proposed EIB financing is EUR 810 million.
The EIB's long-term loan is provided under the EU's RePowerEU programme.
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