Spanish Ministry of Economy and EIB to finance Naturgy with €870 million to reinforce and digitalise electricity grids
Spain, July 23 -- The EIB, part of the EIB Group, and Spain's Ministry of Economy, Trade and Business (through the Regional Resilience Fund) will provide €870 million in financing to Naturgy to support the energy company's investments to strengthen, upgrade and digitalise its distribution network in Spain.This will support investments in energy security in five autonomous communities: Andalusia, Castilla-La Mancha, Castile and León, Galicia and Madrid. All but Madrid are cohesion regions. The financing will enable investments in 2 300 km of network for both new construction and reinforcement, to expand the grid and make it more resilient, increase security of supply and integrate more energy from renewable sources.The first of the loa...
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