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EIB to advance CZK 5bn loan on transmission system refurbishment

The European Investment Bank (EIB) has advanced a CZK 5bn loan to finance the modernisation and reinforcement of the electric transmission network in the Czech Republic. The loan will support implementation of 23 transmission schemes at voltages of 110 kV, 220 kV and 400 kV, including the modernisation of protective and control systems in substations. EIB vice president for lending in the Czech Republic Wilhelm Molterer says that the measure will increase availability and quality of electricity supplies and satisfy the growing demand in the Czech Republic.


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