Nordic Investment Bank (NIB)
Nordic Investment Bank (NIB) is a other that is part of the pulse of the water sector. Here we bring together everything it publishes on Smart Water Magazine: its news, its blogs and the events it takes part in.
NIB and Stockholm to build world’s largest underground wastewater facility
NIB has signed a 10-year loan agreement with the City of Stockholm to construct the world’s largest underground wastewater treatment facility at Henriksdal. The aim is to accommodate a growing population, reduce overflow into Lake Mälaren and improve the quality of water discharged into the Baltic Sea. The SEK 2 billion (EUR 172 million) loan […]
Nordic Development Fund grants €7.5 million to African Water Facility for COVID-19 Recovery
The Board of Directors of the Nordic Development Fund (NDF) has approved EUR 7.5 million in grant funding to enable the African Development Bank-hosted African Water Facility (AWF) to strengthen COVID-19 recovery investments and preparation of investment-ready projects for water supply, sanitation, and integrated water resource management in the Sahel and the Horn of Africa. The […]
NIB supports modernisation and contruction of new hydropower plant in Finland
NIB announces that it has signed a 10-year loan agreement of EUR 10 million with Finnish Kuurnan Voima Oy. The funds will be used to reburbish Kuurna hydropower plant and to build Laurinvirta hydropower plant, a new, small-scale hydropower plant in Pielisjoki River in North Karelia, Finland. The Kuurna hydropower plant was originally built in 1971, […]
NIB finances hydropower upgrades in Sweden and Finland
NIB has signed a ten-year loan agreement of EUR 70 million with Fortum Oyj to finance the refurbishment of two hydropower plants in Sweden and one in Finland. The investment will improve safety, repair and renew the dam and spillway structures and extend the life span of the old hydropower plants. The investment includes the […]
NIB finances water and renewable energy in Borlänge, Sweden
NIB and AB Borlänge Energi have signed a 15-year loan agreement to finance the construction of wastewater infrastructure and power transmission lines in Borlänge, Sweden. The SEK 100 million (EUR 9.46 million) loan will improve the drinking water and sewage treatment of Borlänge by expanding water infrastructure at Lennheden. The loan will also finance a […]
NIB finances increased hydropower efficiency in Norway
NIB has signed a 10-year loan with Norwegian energy company Agder Energi AS to renew hydropower facilities and install an additional turbine at an existing hydro power plant in Agder, Norway. The NOK 600 million (EUR 59.39 million) loan will finance Agder Energi’s Åseral Nord hydropower project along the Mandal watercourse. The project consists of […]
NIB finances the development of water and wastewater infrastructure in Tallinn
NIB and the Estonian water utility company Tallinna Vesi AS have signed a 15-year loan agreement of EUR 37.5 million to improve freshwater supply and wastewater management infrastructure in Tallinn. The investment programme aims to secure access to good quality drinking water and ensure efficient wastewater treatment that meet the challenges of climate change and […]
NIB finances new hydropower in Norway
NIB and the Norwegian utility company Sogn og Fjordane Energi AS have signed a 15-year loan agreement of EUR 30 million to finance the construction of a new hydropower plant in Østerbø, as well as a 20-kilometre regional power line.
NIB finances water infrastructure capacity increase in Sweden
NIB and the City of Varberg have signed a credit facility agreement for the construction of infrastructure for water, wastewater and waste. The uncommitted credit facility of SEK 600 million (EUR 62 million) will co-finance Varberg’s investment programme for 2018–2022 concerning the construction of infrastructure for water and wastewater as part of urban development. The project will […]