NIB
Summary
The Nordic Investment Bank (NIB) has signed a EUR 50 million loan agreement with Vantaa Energy Ltd to finance the group’s electricity network investments for the period 2024–2028.
Vantaa Energy expects a significant increase in power consumption over the coming years. This is due to population growth, industrial investments and the construction of a heat boiler in the district heating system.
The 10-year loan will support the construction of new power lines, upgrades to the existing network, installation of new substations and deployment of smart meters.
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