EIB Provides PLN 1 Billion In Financing To Support Strategic Modernization Plan Of ENEA S.A.

This investment of PLN 1 billion is expected to boost the reliability and security of the electricity supply in Poland, facilitate the integration of renewable energy sources, and address the growing demand stemming from population growth and the progressive electrification of the economy. The direct beneficiary of the financing will be ENEA Operator Sp. z o.o., a company in the ENEA S.A. Group responsible for operating the distribution network.

EIB Vice-President Teresa Czerwińska said: “Supporting the REPowerEU objective of reducing dependence on energy imports is of the utmost importance, and we are happy to strengthen the EIB’s partnership with ENEA by way of this agreement. This investment will not only accelerate the transformation and decarbonization of the Polish energy sector but will also contribute to the creation of new jobs and strengthen economic development.”

The project encompasses a large number of mostly medium and low-voltage electricity distribution schemes, including new or refurbished overhead lines and underground cables, the connection of new customers and connection of renewable energy sources, as well as the installation of smart meters. All the investments will take place in EIB cohesion priority regions in western Poland and are distributed within four Voivodships, namely Wielkopolskie, Zachodniopomorskie, Lubuskie and Kujawsko-Pomorskie.

In 2022, the EIB Group committed €20.86 billion to support sustainable energy globally. In Poland, this financing reached €996 million and the EIB earmarked a total of €3.25 billion between 2018 and 2022 to assist the transformation of Poland’s energy sector.