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EIB to Finance Power Cable Expansion

POWER

Cable manufacturer Prysmian has received €450mn of funding from the EIB to increase the production capacity of its power and distribution cable facilities in Europe and help the EU’s energy transition, the EIB said.

  • The capacity will be used to expand capacity at its factories in Pikkala, Finland, Pozzuoli, Italy, and Gron, France, from around 2,000 km/yr to over 4,000 km/yr.

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