Kinos has built a broad global real estate investment platform for private and institutional investors around the world.
For 15 years, we have focused on R & D, proptech is the present of real estate management and business investment. This platform unites and links people with investment opportunities and assets for sale with owners of capital that seek investment opportunities all through all kinds of relationships in Spain, Europe and internationally.
We thank our investors for putting their trust in us, we offer our work and knowledge available to capital throughout the world.
Find out how Kinos can help you find opportunities in the real estate or business sector and how we can help you sell your company or assets in a mutually beneficial balance.
For more information visit: www.kinosholding.com or www.kinosgroup.com
Torus Real Estate Network http://torus.kinosgroup.com
Or send mail to firstname.lastname@example.org
EIB grants Endesa a loan of 500 million
The European Investment Bank (EIB) granted Endesa a loan of 500 million euros to finance the modernization of the electricity distribution network.
The objective of the project, which will be implemented in the next two years, is to improve the quality of Endesa's electricity supply infrastructures, so that they are more respectful of the environment.
The actions to improve the network will be carried out in six autonomous communities, Aragon, the Balearic Islands, Catalonia, the Canary Islands, Andalusia and Extremadura, and will require the employment of more than 17,500 people during the project's execution phase.
Most of the investment is aimed at making new electricity connections produced from renewable energy, which will allow Endesa to expand its customer network and bring electricity to public transport.
Improvements to the distribution network include the construction of new low voltage lines and the substitution of underground cables, in order to reduce the environmental impact and supply cuts caused by falling trees and branches.
The loan, with a 12-year maturity, will also finance greater automation of electrical infrastructures and improve the remote control of Endesa's substations, which will also have new systems to detect leaks and unauthorized supply connections.
More than 2.5 million smart electric meters will also be installed, which will provide information to adapt the electricity consumption to the different hourly rates.
The agreement was signed in Madrid by the CEO of Endesa, José Bogas, and the vice president of the EIB, Román Escolano.