HELSINKI, FINLAND - Elenia, Finland's distribution system operator, has signed a EUR 100 million ($108.7 million) loan agreement with the European Investment Bank (EIB) to strengthen its electricity distribution network and improve quality and reliability of its power supply.

The financing will support the company's long-term investment plan to build underground electricity network and replace old overhead lines that are at the end of their useful life.

The projects will also secure uninterrupted electricity supply.

Source: EIB