Public Gas Corp. signs 48 mln euro loan agreement with European Investment Bank

epa02773679 An exterior view of the European Investment Bank (EIB) Headquarters in Luxembourg, where Tajikistan's President Emomali Rahmon and Philippe Maystadt, the President of the European Investment Bank, withe their delegations met for talks, on 10 June 2011. EPA/NICOLAS BOUVY

Public Gas Corporation (DEPA) signed a loan agreement with the European Investment Bank (EIB) on Thursday to build natural gas networks in eastern and central Macedonia, Thrace and mainland Greece.

The EIB’s loan totals 48 million euros, has a grace period of four years and must be repaid in 20 years. DEPA will use it to build 1,215 km of natural gas networks that will convey 6.2 TWh annually over 20 years, serving the needs of 124,000 buildings.