The European Bank for Reconstruction and Development (EBRD) has extended a revolving working capital facility of €25 million to ELES, the national transmission system operator in Slovenia. This strategic financing aims to address ELES's working capital needs in the wake of surging electricity prices caused by Russia's invasion of Ukraine. A portion of the facility will be allocated to spot market electricity purchases and covering general corporate expenses. Moreover, this investment will facilitate ELES's ongoing commitment to enhancing the electricity grid, ensuring optimal voltage conditions in Slovenia's energy system, in alignment with ENTSO-E criteria. ELES, as Slovenia's state-owned transmission system operator, carries the crucial responsibility of developing and operating the national grid. The company manages an extensive network of 2,900 km of high-voltage transmission lines and employs a workforce of 550 dedicated professionals. Slovenia's interconnected grid spans across neighboring countries such as Croatia, Italy, and Austria.In line with ELES's nine-year network development plan, the company envisions the expansion of basic infrastructure, including new interconnections, transmission lines, substations, and modern smart-grid components. These advancements are designed to accommodate the integration of renewable sources, including cutting-edge battery storage technology, facilitating the nation's transition to a green energy future.
The European Bank for Reconstruction and Development (EBRD) has extended a revolving working capital facility of €25 million to ELES, the national transmission system operator in Slovenia. This strategic financing aims to address ELES's working capital needs in the wake of surging electricity prices caused by Russia's invasion of Ukraine. A portion of the facility will be allocated to spot market electricity purchases and covering general corporate expenses. Moreover, this investment will facilitate ELES's ongoing commitment to enhancing the electricity grid, ensuring optimal voltage conditions in Slovenia's energy system, in alignment with ENTSO-E criteria. ELES, as Slovenia's state-owned transmission system operator, carries the crucial responsibility of developing and operating the national grid. The company manages an extensive network of 2,900 km of high-voltage transmission lines and employs a workforce of 550 dedicated professionals. Slovenia's interconnected grid spans across neighboring countries such as Croatia, Italy, and Austria.In line with ELES's nine-year network development plan, the company envisions the expansion of basic infrastructure, including new interconnections, transmission lines, substations, and modern smart-grid components. These advancements are designed to accommodate the integration of renewable sources, including cutting-edge battery storage technology, facilitating the nation's transition to a green energy future.
