Czechia to upgrade and extend electricity network with EIB loans
Czechia, Feb. 12 -- Czechia will upgrade and expand its electricity network with a European Investment Bank (EIB) loan totalling 9.3 billion Czech korunas (around €380 million). Czech transmission system operator ?EPS a.s. will use the EIB credit to renew and extend high-voltage infrastructure across the country.A tranche of CZK 6.8 bn was signed in Prague on Thursday. This follows an earlier tranche of CZK 2.5 bn signed last October. The ?EPS investment programme is eligible for EIB financing of up to 75% of the project cost.The financing will support the refurbishment and addition of 400 kilovolt (kV) transmission lines by 2030. In total, the planned works will cover 509 kilometres of lines.The project will enhance the reliability o...
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