Brussels, 02/10/2009 (Agence Europe) - The European Investment Bank (EIB) is to lend up to €500m to help Ireland secure its electricity supplies while making them “greener”, and support Europe's economic recovery. Two loan contracts to that effect were signed today in Dublin by the EIB and the chief executives of EirGrid Plc and Electricity Supply Board (ESB).
EIB will lend EirGrid up to €300m towards construction of a 256 km cable between Ireland and Wales. The East-West...