European Commission

20/03/2013 | Press release

The European Investment Bank (EIB) and RTE sign a €500 million finance agreement to upgrade France’s power grid

o Cotentin-Maine project,

connecting the nuclear EPR to the grid

o Lyon - Montélimar 400kV - security EU grid

securing and upgrading the 400 kV grid connecting Lyon and Montélimar, considered a major project for the security of Europe's power grid;

o PACA "power safety net" project,

which will give the Provence-Alpes-Côte d'Azur region the same security of power supply as other regions in France.

original text press release: noodls.com

RTE

France’s power grid owned by Electricite de France SA, will get €500 million in loans from the European Investment Bank to develop electricity infrastructure.

source: rivieralife.tv

Bloomberg News

EDF’s Power Grid RTE Gets 500 Million-Euro Loan Deal From EIB

source: businessweek.com

RTE explainer

Réseau de Transport d'Electricité France

Dominique Maillard, Chairman of RTE's Executive Board

100 000 km power lines

between 63 kV and 400 kV and 46 cross-border lines

Tunover 2012: $6bn

Employees: 8,500