January 14, 2025 10:00 GMT
POWER: EIB Loans Cez €400mn to Integrate 5.5GW of Renewables
POWER
The EIB has granted Cez an additional €400mn loan to modernise the Czech Republic's electricity system, following a similar loan in November 2024, with completion slated for 2026, Cez said.
- The project will increase the power network's capacity by up to 5.5GW of renewables.
- The funding will also support the improvement of energy supply reliability and help meet the EU's green transition goals.
- This follows a similar €400mn loan issued in November 2024, bringing the total loan amount to €800mn in just two months.
- And the EIB previously loaned €790mn to Cez in 2022 to support similar goals.
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