Covering the 2013 to 2015 period, the multi-investment program aims at renovating and reinforcing the electricity distribution network, as well as extending it to enable 186,000 new connections accross peninsular and insular Greece.
In addition, the program will benefit consumers and suppliers by improving the electricity distribution infrastructure and increasing the effectiveness of electricity supply in addressing requirement.
The project will be managed by the Hellenic Electricity Distribution Network Operator, a 100% subsidiary of PPC established in 2012.
Being a priority objective of the EIB activity in Greece, the energy sector has been financed with a total of €4.6bn since the accession of the country in the European Union (EU), with PPC being the main beneficiary of the EIB loans in the sector.
Photo: © European Investment Bank 2014.
