NIB finances new hydropower station in Greenland
(Thomson Reuters ONE) -
NIB has provided a EUR 33.5 million (DKK 250 million) loan to the Greenland Self
Rule Government to finance the construction of a new hydropower station near
Sisimiut, on the western coast of Greenland.
The 15-year-maturity loan will help finance the construction of the new
hydropower plant, which was officially opened in April 2010. The plant is
expected to generate 52 GWh this year and will replace two diesel generators in
the town of Sisimiut.
Due to its geography and climate, Greenland is dependent on local electricity
production. Until now, the diesel generators have been the only source of
electricity for the 6,000 inhabitants of Sisimiut.
"We are pleased to be a contributing factor to the shutting down of the fossil
fuel run power station in Sisimiut. The new hydropower plant will silence the
polluting diesel generators, leading to improved air quality, lower noise
levels, and not least access to more reliable and affordable electricity for the
population of Greenland," says NIB's President and CEO Johnny Åkerholm.
The new hydropower station will result in a reduction of CO? emissions of
roughly 19,000 tonnes per year.
The Greenland Self Rule Government will on-lend the NIB-loan to the local energy
company, Nukissiorfiit.
The Nordic Investment Bank 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
Lars Fuglesang, Senior Manager, Origination, tel. +358 10 618 0508,
lars.fuglesang(at)nib.int
Nina Monsen, Senior Communications Specialist, tel. +358 10 618 0291,
nina.monsen(at)nib.int
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: NIB NORDIC INVESTMENT BANK via Thomson Reuters ONE
[HUG#1472766]
Unternehmensinformation / Kurzprofil:
Datum: 15.12.2010 - 12:30 Uhr
Sprache: Deutsch
News-ID 49742
Anzahl Zeichen: 2744
contact information:
Town:
Helsinki
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 425 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"NIB finances new hydropower station in Greenland"
steht unter der journalistisch-redaktionellen Verantwortung von
NIB NORDIC INVESTMENT BANK (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
