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Monday, 14 November 2016 11:00

EIB supporting energy networks upgrade

EIB supporting energy networks upgrade

The European Investment Bank (EIB) is supporting Dolomiti Energia's 2017-2020 development plan with a €100 million loan to be guaranteed by the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe, Caspian Energy News (www.caspianenergy.net) reports with reference to the press statement of the European Commission.

EIB resources will cover around half of the overall cost of Dolomiti Energia's investment, which is aimed at renewing and developing gas and electricity distribution networks and strengthening and maintaining hydroelectric plants in the province of Trento in northern Italy, the main area in which Dolomiti Energia operates and employs 1,400 people.

For more information, please visit: http://europa.eu/rapid/press-release_MEX-16-3659_en.htm?locale=en

Person in charge of the newsline: Jeyhun Bayramov

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