19 Jun 2014
NIB finances waste- and biomass-fired CHP plant in Sweden
Gärstadverket facility in Linköping. Photo: Åke Lindman/TVAB
NIB and the Swedish firm Tekniska verken i Linköping have signed a loan agreement totalling SEK 450 million (EUR 50 million), with a tenor of 15 years for financing a new combined heat and power plant in the municipality of Linköping in central Sweden.
The new CHP plant based on the incineration of municipal waste and biomass will be built at the Gärstadverket facility in Linköping in central Sweden. The plant will be capable of producing 500 GWh of heat (equivalent to the annual consumption of heat for 25,000 homes) and 130 GWh of electricity per year.
The new plant will utilise approximately 180,000 tonnes of municipal solid waste a year. The overall efficiency of the Linköping plant is high due to the use of techniques generating flue gases with very low temperatures. Waste can be stored during periods of low demand for use when demand is higher.
The new CHP plant is expected to begin operating in March 2016. The investment is estimated to amount to SEK 1 billion (EUR 111 million).
Tekniska verken i Linköping is a multi-utility company operating in district heating, electricity generation, trading and distribution, water distribution, wastewater treatment, broadband internet, biogas, as well as other infrastructure services and related businesses. The company is wholly owned by the Linköpings Stadshus holding company, which in turn is held by the Linköping municipality.
NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s.
For further information, please contact
Mr Yngve Söderlund, Senior Manager Origination, at +358 10 618 0239,
Mr Dimitrijs Alehins, Senior Communications Specialist, at +358 10 618 0296,