EU bank lends €300m to upgrade Dutch power grid

The European Investment Bank (EIB) is lending €300 million (£271m) to help upgrade the electricity grid in the Netherlands. Liander, a subsidiary of Dutch network company Alliander, will use the […]

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By Priyanka Shrestha

The European Investment Bank (EIB) is lending €300 million (£271m) to help upgrade the electricity grid in the Netherlands.

Liander, a subsidiary of Dutch network company Alliander, will use the loan to finance parts of the renewal and expansion of the distribution network.

Improvements will be made to the grid in the areas where the firm operates, i.e. the Provinces of Gelderland and North Holland, large parts of the Provinces of Friesland and Flevoland and part of the Province of South Holland.

The investment programme is expected to be completed in late 2018.

EIB Vice President Pin van Ballekom said: “Network operators play an important role in the transition to a sustainable energy supply in the future, this will require substantial investments.

“Every day Alliander reaches more than three million customers in the Netherlands, meaning it plays an important role in society; that is an important factor for the bank when considering whether to award a loan.”