The European Bank for Reconstruction and Development (EBRD) has provided a revolving working capital facility of €25 million to Slovenia’s national transmission system operator, ELES.

The funds will support ELES’s working capital needs after a period of high electricity prices in Europe resulting from Russia’s invasion of Ukraine. Part of the facility will be used to purchase electricity on the spot market and to cover other general corporate expenses. This financing will also facilitate ELES’ continued investment in the electricity grid to ensure adequate voltage conditions throughout the Slovenian energy system in line with the ENTSO-E criteria.