• Connect With Us:
  • NIB approves loan for hydroelectric development

    The Nordic Investment Bank has signed an agreement worth US$64.58 million with Agder Energi AS to finance increased hydroelectric production in Norway.

    The 14-year loan loan is expected to help raise Norway's annual production capacity by 175 GWh by funding a number of new development and upgrade projects.

    "NIB's loan to Agder Energi AS provides the region with a broader supply of electricity in an environmentally friendly way, conforming with NIB's mandate," says Nordic Investment Bank President and Chief Executive Officer Henrik Normann.

    Agder Energi AS is Norway's fourth-largest hydroelectric producer. The company's services include the production, distribution and sale of hydropower assets.

    HydroWorld.com reported in October 2011 that NIB had approved an $88.9 million loan for Sparebanken Vest for other small hydropower work in Norway.

    Hydro Industry Financials

    Most Read Articles

    Recent Comments

    Buyers Guide Companies

    Studio Ing G Pietrangeli Srl

    We have 49 years of international experience. 1...

    Continuing Education

    Professional Development Hours
    To access a course listing associated to a specific topic listed below, click on the topic of choice from the list below.

    12/01/2013
    Volume 32, Issue 10
    file
    11/01/2013
    Volume 21, Issue 6
    1311hrw-cvr

    Archived Articles

    2006 | 2007 | 2008 | 2009 | 2010 2011 | 2012 | 2013
    Hydro Review Past Issues

    Premium Content AD Promo Space