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Project Insights

EIB approached for Spanish power network upgrade

The European Investment Bank has been approached for debt financing to help fund the reinforcement and expansion of the electricity transmission network in Spain leading up to 2014. Up to €600 million ($495 million) is being sought for the €1.5 billion ($1.24 billion) project, being sponsored by Red Electrica De Espana.
By Joshua Posaner 13 April 2012 Europe & Russia / Companies & Finance 0 9063

The European Investment Bank has been approached for debt financing to help fund the reinforcement and expansion of the electricity transmission network in Spain leading up to 2014. Up to €600 million ($495 million) is being sought for the €1.5 billion ($1.24 billion) project, being sponsored by Red Electrica De Espana.

The multilateral agency began appraising the application on 12 April. The project will improve the connection and efficient exploitation of traditional and renewable generation resources, and improve security of supply through the creation of additional...