The utility said the EIB loan will support its investment programme on its grid in Spain for 2011.
This programme includes construction of a large number of electricity distribution facilities in different voltages, as well as the installation of smart meters.
The investments under the agreement with EIB will be distributed throughout Spain, with 59% of them located in convergence regions.
Iberdrola said that the project aims to expand and improve the utility’s power distribution infrastructure in order to increase safety, reliability and efficiency of energy supply, matching the expected increase in electricity demand.
