12/12/2013 (Agence Europe) - EIB loan for expanding electricity network. On Thursday 12 December, the European Investment Bank (EIB) granted a €75 million loan to Paraguay's national power company (Administración Nacional de Electricidad - ANDE) for the construction of a new power transmission line. The loan will finance the building of an approximately 360km-long second high voltage (500 kV) transmission line from the Yacyretá hydropower plant to Villa Hayes in the greater Asunción area. It will also finance the enlargement and upgrading of three substations to increase capacity and improve the reliability of the power grid. Alongside the EIB loan, the project will receive a €10 million EU grant from the Latin America Investment Fund (LAIF), which promotes infrastructure investment in the region. (OL/transl.jl)