NIB signs 10-year loan to strengthen Denmark’s network resilience
The Nordic Investment Bank (NIB) agrees a 10-year loan agreement with the Danish TSO Energinet to finance the installation of new substations and the refurbishment or upgrade of existing substations in Denmark between 2023 and 2025.The DKK 1 billion (EUR 134.4 million) loan will co-finance the installation of ten new substations and the refurbishment or upgrade of 45 existing substations in Denmark, in accordance with the government approved Energinet investment and financing plan for 2023-2025. The total amount to be invested in new- and re-furbished substations during 2023-25 is DKK 6.