Montag, 28. Juli 2014

EIB fosters renewable energy and energy efficiency investments in Poland

(LEXEGESE) - According to the European Investment Bank (EIB), EIB is lending up to PLN 295m (some EUR 71m) to the Polish energy company TAURON Polska Energia SA for its investments in renewable energy and energy efficiency in Southern Poland, to be completed by the end of 2016.

With the support of the EIB, TAURON Group will expand its electricity distribution networks (around 11 000 new connections) and upgrade the existing equipment, which will predominantly serve to connect new customers to the distribution grid. The company will also roll out a smart metering pilot programme. This will be beneficial to residential, commercial and public authority customers, as the programme’s aim is to verify the technology, facilitate data management and provide better information flow between customers and suppliers. The EIB will also support the modernisation and refurbishment of several of TAURON Group’s hydropower plants, which will increase their efficiency and generating capacity.

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