EIB supports Greek network modernisation, African off-grid solar

Credit: EIB

The European Investment Bank (EIB) is providing a €85 million loan to reinforce Greece’s national electricity network in order to support the increased use of renewable energy as well as modernise electricity distribution across the Greek mainland and islands.

The €170 million network investment programme is being carried out by the Hellenic Electricity Distribution Network Operator (HEDNO), a subsidiary of the largest power provider in Greece, PPC.

The EIB and PPC have signed a second 20-year loan amounting to €45 million out of the total loan facility of €85 million.

The programme will improve high-voltage substations and its network to ensure reliable electricity supply to PPC’s 7.2 million customers nationwide and improve remote monitoring of the…

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