Germany, Nov. 10 -- Stadtwerke Karlsruhe GmbH is receiving EUR 270 million financing from the European Investment Bank. The long-term / 24 year loan will support large-scale modernization and expansion of Karlsruhe's electricity grid, alongside development of the grid and district heating generation facilities. This funding is an essential element for financing large-scale investment in Stadtwerke Karlsruhe's electricity and district heating network in the coming years as part of the energy and heat transition.The loan enables Stadtwerke Karlsruhe to carry out large-scale renewal of power cables as well as the conversion of overhead lines to underground cables across the city. Modernization of several substations and integration of digital ...