Brussels, 19/06/2012 (Agence Europe) - On Monday 18 June, the European Investment Bank (EIB) granted a €175 million loan to Spanish power company Red Eléctrica de España (REE) representing the Spanish part of the finance for the Spain-France power interconnection - the first trans-European direct current link using innovative converter technology. The EIB undertook to finance this project to the tune of €350 million in an agreement signed last October.
The new line will connect the...