Poland

The European Investment Bank (EIB) granted PLN 2.25 billion to Poland’s top utility PGE Polska Grupa Energetyczna (PGE) to support renewable energy production. The favourable loan will allow PGE to develop its network of photovoltaic installations throughout the country and to modernise an existing pumped-storage power plant.

The European Investment Bank (EIB) signed a new loan agreement worth €450 million with Polish railway infrastructure manager PKP Polskie Linie Kolejowe S.A. (PLK SA) to support extensive modernisation of 120 kilometres of a key regional rail line in southern Poland. The investment will contribute to achieving cohesion and climate policy goals of the European Union.

The European Investment Bank (EIB) signed 1.7 billion Polish zlotys (€405 million) to electricity supplier Energa to improve and expand Poland’s electricity network. This is the third and final tranche of a 3.5- billion-zloty loan to Orlen for upgrades to power distribution grid in northern and central Poland.