News

Prysmian Gets EUR 450 Million from EIB to Promote European Energy Transition

wirecableSeptember 5, 2024September 5, 2024

September 5, 2024September 5, 2024

The financial contract will enable Prysmian to double its production capacity for extruded cables at its three factories from around 2,000 km a year to over 4,000 km a year. Prysmian will further build new production lines for extra-high-voltage submarine cables, lines for high-voltage onshore cables and other technical improvements......

News

European Investment Bank to Support TenneT’s Expansion in Bavaria

desk3October 20, 2022November 24, 2022

October 20, 2022November 24, 2022

The Ostbayernring transmission route would be significant in terms of generating electricity from renewable sources like wind power and photovoltaics. The association between EIB and Tennet is quite longstanding. October 20, 2022 The European Investment Bank (EIB) will grant a EUR 450 million senior loan to electricity transmission system operator......

News

Prysmian Group to take up new R&D projects in Telecom and Power Sector with support from EIB

desk3February 18, 2022March 2, 2022

February 18, 2022March 2, 2022

The financing represents about half of the investments Prysmian Group has planned in Europe through 2024. February 18, 2022 Prysmian Group has announced the finalisation of the financing of EUR 135 million (~USD 153.68 million) from the European Investment Bank (EIB). The funding is primarily aimed at supporting the Group’s......

Kenya to invest USD 1.2 billion to strengthen power distribution

wirecableMay 23, 2013June 7, 2013

May 23, 2013June 7, 2013

April 17, 2013 Kenya Power Ltd. plans to spend 100 billion shillings (USD 1.2 billion) over five years to expand its electricity-distribution network in East Africa’s biggest economy. The electricity provider is negotiating loans worth USD 200 million from the World Bank, European Investment Bank, French Development Agency and African......