Add us as your preferred source on Google to see more of our content in Search.
Add to Preferred SourcesThe European Investment Bank (EIB) is providing EUR 330m to the Czech energy utility CEZ to finance an investment programme for the extension, reinforcement and modernisation of the electricity distribution network in nine Czech regions: Plzeň, Karlovy Vary, Ústí nad Labem, Central Bohemia, Liberec, Hradec Králové, Pardubice, Olomouc and Moravia-Silesia.
“The project will boost the network’s capacity and will make it fit to integrate more electricity from renewable sources, thereby fostering the move from centralised to de-centralised electricity generation. This is not only good news for households and companies, it’s also important groundwork in our fight against climate change,” commented EIB Vice-President Lilyana Pavlova
The EIB funds will help reinforce and refurbish medium and low-voltage networks. The money will also be used to install automation and tele-control systems. The project comprises a large number of geographically dispersed schemes, such as the installation of 4 160 km of new overhead and underground lines, the refurbishment of 2 475 km of lines and the addition of 861 MVA of transformer capacity on the electricity network.
Original source: EIB
Published on 18 December 2019