Irish power network upgrade plan gets $319m EIB loan boost

Ireland’s Electricity Supply Board (ESB) has secured a €235m ($319m) loan from the European Investment Bank (EIB), as it kicks off a major upgrade and expansion programme to make its network ready for more renewables.

ESB plans to spend €470m over the next two years on the programme, which includes building 270km of high-voltage lines to flow clean electricity from windy western Ireland to population centres in the east, and doubling the capacity of its rural distribution networks.

In addition, the programme entails the installation of several thousand electric-vehicle charge points across the country, as well as the beginning of a national roll-out of smart meters.

Semi-state run ESB acts as Ireland’s distribution system operator (DSO) and owns just under half of the country’s electricity-generation capacity.…

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