EIB steps up its support for climate action in Greece

The European Investment Bank is providing EUR 310 million to the Greek Public Power Corporation for promoting energy security and efficiency in Greece. The investment will add state-of-the-art, environment-friendly energy production and reinforced, extended and efficient electricity transmission and distribution networks throughout the country. The finance documentation was signed on 14. July 2011 at the EIB’s office in Athens by EIB Vice-President Plutarchos Sakellaris and PPC’s Chairman and CEO, Arthouros Zervos. EUR 150 million of the EIB funds is destined for the new Megalopolis natural gas-fired, combined cycle power plant in the central Peloponnese, and EUR 160 million will go to the extension and reinforcement of the Greek transmission and distribution networks, covering the whole range of activity from high voltage of 400 kV, down to low voltage ...Zum vollständigen Artikel

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