The European Investment Bank (EIB) has granted a loan of EUR 100 million to SPP – distribúcia, a.s. (the Slovak Gas Distribution Company) to finance the security upgrading of Slovakia’s gas distribution infrastructure to meet current strict environmental and safety requirements.
The EIB loan will support the replacement of old pipelines operating under various pressures, the reconstruction of regulation stations and the updating of key information technology systems and metering equipment. The investment schemes are located in various parts of Slovakia.
Mr László Baranyay, EIB Vice-President responsible for lending in Slovakia, commented: “Modernising the gas distribution network will contribute to the increased reliability and safety of the gas supply in [...]
