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ORLEN Group subsidiary Energa Operator will implement the investment programme.
Orlen Group has secured a 3.5bn zlotys ($866.6m) loan from the European Investment Bank (EIB) for a strategic investment programme aimed at modernising and strengthening Poland’s electricity distribution network.
The funds will be released in tranches over three years from the execution date, with a repayment period extending up to 15 years from the first disbursement.
The initial financing agreement is valued at 900m zlotys.
Energa Operator, an energy distribution system operator and part of ORLEN Group, will implement the investment programme.
The company provides power to more than 3.4 million domestic customers and manages nearly 200,000km of power lines, covering approximately 24% of the country’s land area.
Renewable energy sources connected to Energa Operator’s network have reached a total capacity of nearly 9.2GW. |
