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Sun June 20 2021

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Spain gets €475m for power grid upgrade

10 Jul 13 The European Investment Bank (EIB) has granted Spain’s Gas Natural Fenosa a €475m loan to upgrade its power grid and install meters.

The loan supports a four-year programme of investment in upgrading and expanding the overhead distribution network, laying underground cables and building substations. The project will also include the installation of three-phase meters in compliance with new legislation.

The schemes financed will be spread across the Spanish regions of Madrid, Castilla-La Mancha, Castilla y León and Galicia.

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