PF Archive

IREN wins EIB debt for Livorno LNG

01 12 2011

The European Investment Bank (EIB) has granted a Eu240 million ($323.2 million) loan to IREN to complete the regasification plant in Livorno developed by its subsidiary OLT Offshore Toscana. It had been expected that the other major shareholder in the project, E.ON (46.8%) would buy out IREN as the Italian company would struggle to...