PGE to get PLN 500 mln loan from EBRD

The European Bank for Reconstruction and Development (EBRD) is considering granting a loan of PLN 500 mln to Polish power utility PGE aimed at financing grid enhancement for renewables, EBRD informed. "The EBRD financing will support PGE in implementing grid investments that are critical to connect new renewable energy capacity and to cope with the intermittent nature of their production," EBRD said. The loan is scheduled for a board decision on April 20, the institution said.