Core Insights - The European Investment Bank (EIB) has approved a €350 million ($408.08 million) loan to Západoslovenská energetika (ZSE) Group for modernizing Slovakia's electricity distribution networks [1][2] - This loan represents the largest corporate loan signed by EIB in Slovakia, aimed at enhancing the reliability and quality of electricity supply [2] - The modernization efforts will support Slovakia's National Energy and Climate Plan and align with EU energy and climate goals, including the European Green Deal [5] Investment Details - The loan will fund upgrades to high-, medium-, and low-voltage overhead lines and underground cables, modernize transformers and substations, and deploy smart technologies [1][4] - A significant portion of the loan will be allocated to specific regions in Slovakia to promote balanced social and territorial development [4][5] - The investment is expected to facilitate the integration of low-carbon generation and e-mobility, addressing rising electricity demand [6] Economic Impact - The modernization of distribution networks is anticipated to strengthen the Slovak economy and enhance its resilience to modern challenges, including increased electrification [3][6] - The project aims to create foundations for sustainable growth, job creation, and energy independence in Slovakia [4][5] - ZSE Group's CEO highlighted that the loan will enable continued high investment levels, which have nearly doubled since 2022, to build a smarter and more resilient grid [6][7]