Friday, October 29, 2010

EIB supports capacity increase of gas transmission network and RDI in automotive sector in Slovenia


The European Investment Bank (EIB) is providing two loans in Slovenia:

* EUR 100 million to finance investments aimed at increasing the capacity of the gas transmission  infrastructure to meet the growing demand for gas in the country and
* EUR 50 million to support projects of small and medium-sized companies in the automotive sector to develop components for new generations of energy efficient cars

Mr. Anton Rop, EIB Vice-President responsible for lending in Central Europe, including Slovenia, stated: “Both loans will support Slovenia’s efforts to upgrade the quality of the environment in the country by increasing the availability of cleaner energy resources such as gas and reducing emissions by using the new generation of more energy-efficient power-trains”. 

The loan of EUR 100 million will help to implement the 2010-2013 investment programme focused on upgrading the capacity of the existing gas transmission infrastructure to better meet the increase in gas demand. This involves the construction of some 235 km of pipelines and compression facilities across the country

The loan of EUR 50 million to the Slovene Export and Development Bank (SID) will co-finance small and medium-sized investments aimed at increasing the environmental sustainability and safety of passenger cars and commercial vehicles. This is expected to be achieved through the development of components or systems for new generations of energy-efficient power-trains, weight reduction or other means of reducing emissions from vehicles, or through active or passive safety systems.

This loan represents the continuation of the EIB’s successful cooperation with SID. In July 2009 the Bank provided a loan of EUR 380 million to SID. Part of this loan (EUR 80 million) focused on the development of new generation vehicle technology and car emissions reduction. It has been fully allocated to 19 projects.















News source: EIB link: article

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