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EGP Reaches Agreement with EIB for a 160 Million Euro-loan for Renewable Plants in Italy - The operation follows the 440 million euro-loan agreement from 2010 as well as underscoring EIB confidence in EGP investments in Italy - Enel.com
EGP Reaches Agreement with EIB for a 160 Million Euro-loan for Renewable Plants in Italy

 

PRZOOM - /newswire/ - Rome, Italy, 2012/11/27 - The operation follows the 440 million euro-loan agreement from 2010 as well as underscoring EIB confidence in EGP investments in Italy - Enel.com. IT0003128367

   
 
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Enel Green Power SpA (“EGP”) has signed an agreement with the European Investment Bank (“EIB”), under which EIB commits to issue a loan for an overall 160 million euros. The loan is aimed at contributing to funding the development programme of EGP activities in Italy through 2014.

The 20-year loan will be disbursed by the end of 2012 and will be secured by one or more guarantees issued to EIB by leading financial groups.

The overall loan terms are competitive compared with the market benchmark.

This operation, together with the 440 million euro-loan agreement signed in 2010, underscores EIB confidence in EGP’s investments in Italy.

The investments financed by EIB are aimed at strengthening power generation from renewables by Enel Green Power in Italy through a variety of green technologies, ranging from photovoltaics to wind, from geothermal to hydro.

Enel Green Power’s development strategy relies on funding projects through cash flow generation, in combination with external funding only when the latter is long-term and competitively-priced as well as coming from reliable partners.

 
 
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Agency / Source: Enel Group

 
 

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EGP Reaches Agreement with EIB for a 160 Million Euro-loan for Renewable Plants in Italy

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Enel Green Power |
Contact: Enel Group - Enel.com 
+39 06.8305.1 ufficiostampa[.]enel.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Enel Group securities in any jurisdiction including any other companies listed or named in this release.

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