EIB to support Spanish electricity grid build-up

EIB to support Spanish electricity grid build-up


The European Investment Bank (EIB) has granted Iberdrola a loan of €200 million for investments in modernisation and enhancement of its electricity distribution grid. The agreement was signed on 24 November by EIB Vice-President Magdalena Álvarez Arza and Iberdrola’s Chairman Ignacio Sánchez Galán.

The EIB loan will support Iberdrola’s 2011 programme of investment in domestic grid, including the construction of a large number of electricity distributi...


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