NIB loan for waste-to-energy plant in Lithuania
(Thomson Reuters ONE) -
The Nordic Investment Bank (NIB) and Finland's Fortum have concluded a new loan
agreement totalling EUR 70 million for building a waste-to-energy heat and power
plant in the Lithuanian city of Klaipeda.
Fortum's new combined heat and power (CHP) plant in Klaipeda will be the first
waste-to-energy plant in the Baltic countries. The plant will be fuelled by
municipal solid waste, non-hazardous industrial waste and biomass. Its future
output capacity is planned at approximately 60 MW of district heat and 20 MW of
electricity.
"The NIB loan will contribute to introducing a state-of-the-art, efficient and
environment-friendly heat and power production in Lithuania. This project is
also a good example of cross-border cooperation between the Bank's member
countries," says Johnny Åkerholm, President and CEO of NIB.
The district heat produced at the plant will replace natural gas-based heat
production capacity. Switching to combined heat and power production will
increase the efficiency of the energy production and decrease the greenhouse gas
emissions in the region. The plant will also help reduce the disposal of waste
in the local landfill.
The CHP plant is being built by UAB Fortum Klaipeda, owned by Fortum and the
local energy company Klaipedos Energija. The plant is expected to commence
operations during the first quarter of 2013.
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
Mr Sebastian Påwals, Senior Manager Origination, at +358 10 618 0527,
sebastian.pawals(at)nib.int
Mr Dimitrijs Alehins, Senior Communications Specialist, at +358 10 618 0296,
dimitrijs.alehins(at)nib.int
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originality of the information contained therein.
Source: NIB NORDIC INVESTMENT BANK via Thomson Reuters ONE
[HUG#1503183]
Unternehmensinformation / Kurzprofil:
Datum: 04.04.2011 - 14:48 Uhr
Sprache: Deutsch
News-ID 53132
Anzahl Zeichen: 2839
contact information:
Town:
Helsinki
Kategorie:
Business News
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"NIB loan for waste-to-energy plant in Lithuania"
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