TERNA ENERGY S.A.

PRESS RELEASE

TERNA ENERGY Signs a Cooperation Agreement with the European Investment Bank (EIB)

 

TERNA ENERGY, member of GEK TERNA Group, announces that it has reached a cooperation agreement with the European Investment Bank (EIB), for the financing of the Company's investment program via funds amounting to 24 million Euros. Eurobank Ergasias acts as a co-lender.

 

The loan is part of the Investment Plan for Europe (the so-called Juncker Plan) and will be utilized for the financing of part of TERNA ENERGY's investment program targeting the development and operation of RES (Renewable Energy Sources) projects in Greece. Specifically, the financing concerns the development, construction and operation of wind parks with a combined installed capacity of 48.6 MW in Viotia, Central Greece.

It is reminded that the total installed capacity of TERNA ENERGY accounts for 786 MW. The Group has installations of 516 MW in Greece, 138 MW in the USA, 102 MW in Poland and 30 MW in Bulgaria. At the same time, the Group has RES installations currently under construction or ready for construction with a capacity of 194 MW, in Greece and abroad. Overall, the Company operates, is constructing or has full licensing of 980 MW of RES installations in Europe and America. The Company is targeting to exceed 1,000 MW of RES projects in operation.

 

 

Information:

Investor Relations: Aristotelis Spiliotis, tel. + 30 210 69 68 000, tspiliotis@terna-energy.gr

Press Office & Public Relations: Konstantinos Lamprou, tel. +30 210 6968000, klamprou@gekterna.com