NIB lends to rebuild Ellevio’s electric substations in Stockholm
The Nordic Investment Bank (NIB) signs a 10-year loan with the Swedish electricity distributor Ellevio AB to rebuild and increase the capacity of two existing switchgear stations in Skanstull and Värtan in the City of Stockholm, Sweden.The SEK 1 billion (EUR 94.10 million) loan is earmarked for financing new station buildings, indoor GIS switchgears for 110kV and 220kV, new transformers and reactors, new cables, and a new control and protection system. Combined, the total expected distribution capacity from the two switchgear stations will increase by around 800 MW, which represents a 40%