Austria: EIB supports hydropower expansion in Upper Austria

EIB | CEB and EIB sign agreement to facilitate co-financing and boost investment impact | European American Chamber of Commerce New York [EACCNY] | Your Partner for Transatlantic Business Resources CEB and EIB sign agreement to facilitate co-financing and

The Council of Europe Development Bank (CEB) and the European Investment Bank (EIB) deepened their long-standing partnership by signing a Mutual Reliance Agreement today to strengthen co-operation, facilitate co-financing and enhance the impact of public sector projects in countries of operation outside of the European Union. A key element of this approach is the mutual recognition of each institution’s procurement policies and procedures, thus …

Austria: EIB supports hydropower expansion in Upper Austria

(Credit: Unsplash) This article is published in association with European Investment Bank. The EIB is providing €320 million in loans for the construction of the Ebensee pumped storage power plant. Energie AG plans to invest more than €600 million to expand hydropower in Upper Austria, with a €400 million financing package for this objective approved by the EIB. The European Investment Bank (EIB) has granted Energie AG Oberösterreich in Upper A…