News
03 December 2020
€190m EIB loan finances CEPS transmission network project
In:
Manufacturing, Traditional energy
Region:
Europe
The European Investment Bank has signed a CZK5 billion loan (€190 million) with CEPS, the state-owned Czech Transmission System Operator.
The project will improve the security of the electricity system and facilitate power exchanges and transit flows mainly from Germany to Austria through Poland and the Czech Republic. As EU Project of Common Interest, it will also enhance the integration of renewables in the network. The investment will span over 2021-2024.
