ANNOUNCEMENT 19 Nov 2020

On 19 November 2020, the EIB provided financing worth EUR 189 million (USD 224 million).

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 19 Nov 2020 | Removal date: open ended

State loan

On 19 November 2020, the European Investment Bank (EIB) and Ceps as signed an agreement worth EUR 189 million (approx. USD 224 million) for the project Ceps Transmission Grid Iii from Czech Republic. The total cost of the project is estimated at EUR 428 million.

According to the project description issued by the EIB, Multi component investment programme covering the period 2020-2024 aimed at reinforcing the electricity transmission infrastructure of the Czech Republic..

The objective of the project is defined as following: The project is expected to enable the Promoter to improve the safety of the system, support the efficient operation of the electricity market in central and eastern Europe and maintain the reliability and quality of the electricity supply..

A state act in the GTA database is assessed solely in terms of the extent to which its implementation affects foreign commercial interests. On this metric, the investment support granted here is discriminatory.

AFFECTED SECTORS