Poland’s power transmission system operator, Polskie Sieci Elektroenergetyczne (PSE), has secured an increased loan exceeding 800 million zlotys (€189 million) from the National Power Grid Reconstruction Plan (KPO), provided by Bank Gospodarstwa Krajowego (BGK), PSE announced.
The loan carries a 0.5% interest rate and is scheduled for repayment by December 2050. The funds, sourced from the Energy Support Fund, part of Poland’s National Recovery and Resilience Plan, will be disbursed in phases to cover project costs from 2022 to 2038.
“Expanding power grids under the KPO is more than an infrastructure investment—it’s a commitment to Poland’s energy security and economic growth,” said Mirosław Czekaj, President of BGK when interviewed by The Voice of Renewables. “The National Recovery Plan provides a unique opportunity to achieve ambitious targets. These funds will enable us to modernise, digitise, and expand transmission and distribution networks. Without a state-of-the-art distribution sector, we cannot reliably deliver energy to citizens and businesses. Only modern power systems can ensure the security Poland needs.”
PSE oversees Poland’s high-voltage network, spanning over 16,000 kilometres of lines and 110 substations. The company is now implementing its most ambitious investment program yet, planning to construct nearly 5,000 km of 400 kV lines, build 28 new substations, and upgrade the 110 existing ones over the next decade.
