EIB helps finance improvements to Maribor's electricity supply
The European Investment Bank has signed a €31 million loan with Elektro Maribor, an electricity distributor from Slovenia`s second largest city of Maribor.
The loan will help finance maintenance and improvements in the reliability of electricity supply by supporting Elektro Maribor's €81.2 million investment in reconstruction and development of its distribution network. The project is aimed at minimising power blackouts and blackout-related damage to property and environment.
Elektro Maribor will be able to reinforce and refurbish high, medium and low voltage networks, as well as expand the national electric grid with connection of new users and the integration of renewable energy generation. Investment will allow the introduction of advanced metering systems, improving the collection of data and optimisation of investments, together with reduction of technical and commercial losses.
