REN Redes Energeticas Nacionais SGPS S A : - Redes Energéticas Nacionais, SGPS, S.A. informs about the issuance of 150 million euros of credit facility agreement with EIB
January 05, 2023 at 12:39 pm
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Unofficial Translation
This is an unofficial translation and it has been prepared for information purposes only. In the event of any discrepancy
between this translation and the Portuguese version, the Portuguese version will prevail.
COMMUNICATION
In accordance with and for the purposes of article 17 of the Regulation (EU) No 596/2014 of the European Parliament and of the Council, of 16 April 2014, and other applicable regulations, REN - Redes Energéticas Nacionais, SGPS, S.A. hereby informs the market and the public of the following:
On the date hereof, REN signed a second long-term financing agreement (twelve years) with the European Investment Bank, in the amount of EUR 150,000,000.00. Like the previous one, celebrated on 22 December 2022, this long-term financing also aims to support the investment project to extend, refurbish and modernise the electricity transmission network in Portugal, and to integrate renewable energy generators into this transmission network.
REN - REDES ENERGÉTICAS NACIONAIS, SGPS, S.A.
Lisbon, January 5th, 2023
REN - REDES ENERGÉTICAS NACIONAIS, S.G.P.S., S.A. | Listed Company
Head Office: Avenida Estados Unidos da América, nº 55, 1749-061 Lisbon
Share Capital: € 667,191,262
Commercial Registry Office of Lisbon: registry and tax sole number: 503 264 032
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REN - Redes Energéticas Nacionais SGPS SA published this content on 05 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 January 2023 17:37:04 UTC.
REN - Redes Energéticas Nacionais, SGPS, S.A. specializes in the operation and concession management of the Portuguese electricity transportation network. Net sales break down by activity sector as follows:
- electricity (63.7%): transportation of electricity from producers to end distributors and consumers, management of the electricity transportation network (connecting user installations to the network, maintenance of the network, etc.). At the end of 2022, the network has a total of 9,424 Km;
- gas (34.8%): transportation of natural gas from producers to end distributors and industrial consumers, underground storage of natural gas, receiving, storage, and regasification of liquid natural gas (LNG), infrastructure construction and maintenance services, etc.;
- telecommunications (1.3%);
- other (0.2%).
REN Redes Energeticas Nacionais SGPS S A : - Redes Energéticas Nacionais, SGPS, S.A. informs about the issuance of 150 million euros of credit facility agreement with EIB