News
06 June 2018
NIB finances electricity network improvements in Finland
Region:
Europe
The Nordic Investment Bank has signed a €150 million, 15-year loan with Finland's largest distribution system operator, Caruna, to strengthen the reliability of electricity supply.
The loan will finance a project to expand the network's weatherproof sections by replacing old overhead lines with underground cables. Old pole-mounted transformers will be replaced with new transformers that are compliant with EU regulations.
