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EIB Lends €60m for Grid Operations in Andorra - Power Technology
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The European Investment Bank (EIB) has approved a loan of EUR 60 million to Andorra to finance sustainable energy generation projects and electricity networks in the Principality, in which it will be the first credit to the country by the public bank of the European Union (EU). The EIB and the Principality of Andorra have signed the first tranche of the loan, amounting to EUR 30 million, which will enable investments to be made in renewable ener…
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