EIB boost for Irish electric

Series Title
Series Details Vol.8, No.23, 13.6.02, p17
Publication Date 13/06/2002
Content Type

Date: 13/06/02

THE European Investment Bank has lent the Irish Electricity Supply Board €200 million to improve the country's national grid.

The loan is part of a five-year €2.7 billion investment programme to ensure Ireland's network keeps pace with massive development in the 'Celtic Tiger' economy.

Chief executive designate of the Irish Electricity Supply Board, Padraig McManus, said: 'We intend to support Ireland's continued economic growth and competitiveness by strengthening backbone electricity networks and enhancing quality of supply for all Irish electricity customers.'

The European Investment Bank has lent the Irish Electricity Supply Board €200 million to improve the country's national grid.

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