EUR 500 million finance agreement to upgrade France’s power grid

(LEXEGESE) - According to the European Investment Bank (EIB), EIB has agreed to participate in the financing of seven high voltage and very high voltage power grid upgrading projects in France over the period 2012-2016. This participation takes the form of a loan totalling €500 million, of which a first tranche of €300 million was signed on Wednesday 20 March 2013. The second €200 million tranche of the loan will be signed in 2014. The investment programme is expected to run to nearly €8 billion over the period 2012-2016. To implement the selected seven major transmission projects in a number of French regions, the EIB will cover 43% of the investment (€1.2 billion) ...Zum vollständigen Artikel

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