NIB NORDIC INVESTMENT BANK : NIB finances new electricity metering system in South-East Finland
(Thomson Reuters ONE) -
Nordic Investment Bank (NIB) and Kymenlaakson Sähköverkko Oy have signed a 10-
year-maturity loan totalling EUR 15 million for the implementation of a remote
reading system of electricity metering in South-East Finland. The aim of the
project is to improve customers' means to control and optimize electricity
usage. Approximately 100,000 consumption sites will be included in the remote
reading system by the finalisation of the project in 2013.
The project is part of Kymenlaakson Sähköverkko Oy's efforts to further develop
customer service. The remote reading system increases the information on
consumption patterns as well as on the functionality of the system. The two-way
communication based system also enables meter reading by the hour. The
information obtained will be used to increase clients' energy awareness and to
improve the control and planning of electricity capacity.
"Changing to a more consumer friendly metering system that enhances the
customers' understanding of their electricity consumption tends to lead to a
decrease in the consumption. In addition to this, more in-depth information on
the consumption patterns helps the provider to design services that motivate a
shift from peak load periods to hours of lower aggregate demand," says Henrik
Normann, President and CEO of Nordic Investment Bank.
Kymenlaakson Sähköverkko is a subsidiary of Kymenlaakson Sähkö Oy, which was
founded in 1918. Kymenlaakson Sähkö Oy is an electricity utility operating in
Kymenlaakso, South Karelia, Päijät-Häme and Uusimaa. The company's main
businesses include distribution and supply of electricity. It currently has 13
shareholders, the largest of which is the City of Kotka.
The Nordic Investment Bank (NIB) is the common international financial
institution of the eight Nordic and Baltic countries. NIB provides long-term
financing to the energy, environmental, transport, logistics and communications,
and innovation sectors for projects that strengthen competitiveness and enhance
the environment. NIB has the highest possible credit rating, AAA/aaa, with the
leading rating agencies Standard & Poor's and Moody's.
For further information, please contact
Sebastian Påwals, Senior Manager, Origination, at +358 10 618 0527,
sebastian.pawals(at)nib.int
Kyra Koponen, Communications Officer, at +358 10 618 0297, kyra.koponen(at)nib.int
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Source: NIB NORDIC INVESTMENT BANK via Thomson Reuters ONE
[HUG#1611795]
Unternehmensinformation / Kurzprofil:
Datum: 14.05.2012 - 14:30 Uhr
Sprache: Deutsch
News-ID 146073
Anzahl Zeichen: 3197
contact information:
Town:
Helsinki
Kategorie:
Business News
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