Nordic Investment Bank

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NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.

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NIB finances improvements in electricity grid in Finland

Mon, Jun 20, 2022 13:00 CET

The Nordic Investment Bank (NIB) signs a 15-year loan with Finnish grid operator Porvoon Sähköverkko Oy to finance the construction of a new powerline and substation and upgrades of the existing electricity grid in Porvoo, Finland.The EUR 18 million loan will finance the company’s investment programme during 2021-2026. The investments will improve the electricity grid’s reliability and include underground cabling to replace existing overhead lines, the construction of a new substation and the construction of a new powerline. “The investments in the energy sector play a vital role in

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NIB finances improvements in electricity grid in Finland

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