The European Investment Bank (EIB) on Thursday announced it was extending a 310 million euros loan to Greece's Public Power Corporation (PPC) for promoting energy security and efficiency in Greece.
"European Investment Bank is providing EUR 310 million to the Greek Public Power Corporation for promoting energy security and efficiency in Greece. The investment will add state-of-the-art, environment-friendly energy production and reinforced, extended and efficient electricity transmission and distribution networks throughout the country," and EIB announcement said.
The finance documentation was signed on Thursday at the EIB’s office in Athens by EIB Vice-President Plutarchos Sakellaris and PPC Chairman and CEO Arthouros Zervos.