corporate_banner_en

Investing in Spain’s electricity grid: EIB signs loan contract with Iberdrola

Projects
Regions
European Union
Enlargement countries
Turkey
Iceland
Western Balkans
European Free Trade Association
Mediterranean Neighbourhood
FEMIP Overview
Supporting pan-Mediterranean initiatives
Financing & advice
FEMIP Loans
Private equity
Advisory & technical assistance
FEMIP Support Package
Procurement
How to apply
Trust Fund
Technical assistance
Private equity
Global dialogue
Partnerships
Organisation and staff
FEMIP Internship Programme
FAQ - FEMIP
EU Eastern Neighbours
Projects
Cooperation with other institutions and organisations
Financing facilities
Trust fund
Institutional framework
Applying for loans
Organisation and staff
Central Asia
Institutional framework
Cooperation with other institutions and organisations
Financing facilities
Technical assistance and grants
Applying for loans
Organisation and staff
Sub-Saharan Africa, Caribbean and Pacific
Funding and Financial Instruments
Applying for loans
Cooperation with partners
Investment Facility
Other initiatives
Activities
Asia and Latin America
Priorities
SMEs
Innovative options
Loans
Microfinance
EU partners for SMEs & mid-caps
Non-EU partners for SMEs & mid-caps
RDI support
Equity investment
Regional development
Climate Action
Urban & natural environment
Innovation
Skills and Jobs
Trans-European Networks
Transport
Energy
Project Cycle
Applying for a loan
Appraisal
Procurement
Monitoring
Projects to be Financed
Explanatory notes
Breakdown by region
European Union
EFTA countries
Enlargement Countries
Eastern Europe, Southern Caucasus and Russia
Mediterranean countries
Africa, Caribbean, Pacific countries + OCT
South Africa
Asia and Latin & Central America
Breakdown by sector
Projects Financed
Breakdown by region
European Union
EFTA countries
Enlargement Countries
Eastern Europe, Southern Caucasus and Russia
Mediterranean countries
Africa, Caribbean, Pacific countries + OCT
South Africa
Asia and Latin America
Breakdown by sector
Multi-criteria list
Operations Evaluation
Organisation and Programme
Programme
Methodology
Criteria
Rating scale
Process
Reports
Operations
Overview
Publications and reports
Cooperation and Coordination
ECG
European Financial Institutions
European Commission
Contacts

Investing in Spain’s electricity grid: EIB signs loan contract with Iberdrola

  • Available in: de en es fr
  •  Release date: 25 July 2013
  •  Reference: 2013-116-EN

The European Investment Bank (EIB) and the Spanish electric utility company Iberdrola Distribución Eléctrica SA signed a loan contract for EUR 200 million in Bilbao today. The loan will support the modernisation of the electricity distribution network throughout Spain, improving its overall reliability and safety.

The loan will co-finance a comprehensive investment programme designed to reinforce and modernise Iberdrola’s electricity distribution network. A large number of supply points in the full range of voltages operated by Iberdrola will be connected to the existing network. Furthermore, the programme will comprise the installation of new digital electricity meters in compliance with Spanish legislation, which requires the deployment of digital meters for residential customers by 2018. The investment programme provides for the installation of up to 1.8 million new meters.

The EIB has a long-standing relationship with Iberdrola, one of the largest power distribution companies in Spain, serving 10.7 million customers. With today’s signature, the EIB has provided a total of EUR 3.6 billion for projects in Spain since the beginning of the year, of which almost EUR 1 billion in the Spanish energy sector.






 Print
 Pdf
Copyright © European Investment Bank 2014
The European Investment Bank is not responsible for the content of external internet sites.

http://www.eib.org/projects/press/2013/2013-116-investing-in-spains-electricity-grid-eib-signs-loan-contract-with-iberdrola.htm