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Czech Republic: EIB to finance modernisation of ČEZ's distribution grid and connection of new renewable energy sources with a record-breaking loan of €790 million

Dettagli

The European Investment Bank (EIB), the bank of the European Union, will lend €790 million to the Czech energy utility company ČEZ. The loan will fund the expansion of the national electricity distribution network, including the installation of automation

technology and remotely controlled energy supply systems. ČEZ will also make upgrades to increase reliability of the electricity supply in nine regions of the Czech Republic.   

With the new infrastructure, ČEZ will integrate up to 2.2 GW of new renewable energy sources, promoting the country’s energy independence and green transition. This is the largest loan the EIB has ever granted for the Czech Republic.