18/11/2011
By Kelvin Ross
Deputy Editor
The European Investment Bank and Ireland's largest electricity utility ESB
have signed a EUR235m ($317m) loan deal to develop Smart Grids.
The loan will provide half the funding for a total investment programme of
EUR470m which is to be delivered over two years.
The project includes plans to enhance transmission and distribution links
from wind farms and to improve the efficiency and capability of the
electricity networks to facilitate greater integration of renewable energy
sources.
The programme also includes the technical design phase of a national smart
metering rollout and the construction of more than 270km of new high voltage
lines to reinforce existing transmission links from the southwest, west and
northwest of Ireland – which has significant wind generation capacity – to
the main population centres in the east.
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