NIB finances electricity distribution and district heating in Finland
The Nordic Investment Bank (NIB) has signed a 10-year loan with Finnish energy company Keravan Energia Oy to co-finance the company’s investments in the electricity distribution and district heating network.The EUR 10 million loan will finance part of the company’s investment programme during 2023–2024. The investments will improve the reliability of the electricity network, increase capacity and maintain the competitiveness of the district heating network. Underground cabling will significantly reduce power outages caused by exceptional weather events and thus improve security of