Sweden. Sydvatten AB
| Date of agreement: | 08 Nov 2016 |
|---|---|
| Country: | Sweden |
| Customer: | Sydvatten AB |
| Amount in SEK: | SEK 205 million |
| Amount in EUR: | EUR 20.7 million |
| Maturity: | 15 years |
| NACE sector / loan type: | Collection, purification and distribution of water |
Financing from NIB Environmental Bond proceeds
NEB-eligible share: 100%
NEB category: Energy efficiency
Amount disbursed: EUR 21.2 million
Note: For loans in other currencies than EUR, the equivalent in EUR is based on the exchange rate effective for the disbursement. Read more about the NIB Environmental Bonds
Project
The loan has been provided for financing Sydvatten AB’s infrastructure investment programme, which includes the construction of a 25-kilometre fresh water pipe connecting the Äktaboden reservoir to the Ringsjöverket water purification plant in southern Sweden.
The pipe will run alongside an already existing connection with the purpose of creating redundancy in the water network to expand its capacity and secure supply. The additional pipeline will reduce the need to constantly pump water to feed the Ringsjöverket plant and allow for greater operational efficiency.
Sydvatten’s infrastructure investment programme has a budget of SEK 420 million (EUR 43 million). The construction of the new pipeline will be carried out during the years 2016–2018.
Sydvatten AB was founded in 1966 and is owned by 16 municipalities in Western Skåne, including the cities of Malmö and Lund. The company is one of the largest providers of drinking water in Sweden and caters to a population of approximately 900,000.
Fulfilment of NIB's mandate
Competitiveness:
The new redundant pipe will support Sydvatten’s efforts to optimise the use of existing infrastructure and secure direct fresh water distribution to the growing population of the Skåne region. Further, the project will allow for more efficient and sustainable operation of the Ringsjö water purification plant.
Environment:
The existing connection between the Äktaboden reservoir and the Ringsjöverket plant is of insufficient capacity and requires a constant need for pumping water to feed the purification plant. The new pipeline will allow for gravity-fed raw water intake, which is expected to lead to a decrease in energy use and CO2 emissions.
Sustainability summary
The pipeline will cross the Rönne river and several smaller streams. The construction of the pipe will therefore require the flow of the Rönne to be diverted temporarily, for which necessary permits will be required. A limited environmental impact assessment has been performed and submitted to the Land and Environment Court. All permits for the crossings of smaller streams have been received.
