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Loan from the EIB

Elenia has agreed a loan of EUR 150 million with the European Investment Bank (EIB). Elenia’s long-term investment plan emphasises the importance of building underground electricity network and replacing overhead lines to secure uninterrupted availability of electricity.
The loan supports Elenia to successfully continue its capex programme to replace overhead lines with underground cables. More than 40% of the network is now underground reducing outages and improving security of supply to customers. To meet the targets of the Electricity Market Act Elenia aims to increase the underground cabling rate of the electricity distribution network to 75% by 2028.
The EIB offers long-term financing for sound and sustainable investment projects which contribute to furthering EU policy objectives.
For further information, please contact:
Tommi Valento
Chief Financial Officer
Tel: +358 40 720 8951

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