NIB agrees €147m loan to modernise Ellevio’s power distribution

Nordic Investment Bank has signed a €147 million, 15-year loan with the Swedish electricity distributor Ellevio AB to improve the quality of its infrastructure services and enhance security of supply.

The loan will finance Ellevio's refurbishment and replacement of about 5,000km of low-, medium- and high-voltage overhead power lines. A vast majority of the existing overhead lines will be replaced by underground cables.

The investment covers the modernisation of almost 5,000 substations, including primary and secondary substations, distribution transformers, medium- and high-voltage feeders, power transformers, transformer bays and buildings.