All agreed loans

Norway. Eidsiva Energi AS

Date of loan: 2 Jul 2009
Country: Norway
Customer: Eidsiva Energi AS
Amount in EUR: EUR 40 million
Maturity: 15 years
NACE sector / loan type: Electricity, gas, steam and hot water supply
Business area: Energy and environment

Environmental effect

This loan contributes to climate change mitigation: 100%

Project

The 15-year-maturity loan totalling EUR 40 million has been provided for financing a waste incineration power plant in Hamar, eastern Norway. The construction of the plant is expected to be completed in late 2011. Treating up to 72,000 tonnes of waste a year, the waste-to-energy plant will be able to produce approximately 200 GWh of energy. The new power generation capacity will allow the company to expand the district heating network in the Hamar region.

Eidsiva Energi AS, owned by 26 local municipalities and two counties, is a regional energy company producing and distributing energy and heat to 150,000 customers in central and eastern Norway. The main activity of Eidsiva is energy production as well as operating a 21,000-kilometre grid network. Eidsiva Energy operates 44 hydropower plants with a total annual production of 7,000 GWh, of which 3,500 GWh is owned by the company.

Sustainability summary

A waste incineration plant is a key element of the municipal waste treatment programme. As a result of prohibiting the disposal of organic waste in landfills in Norway as of 2009, the demand for more environment-friendly waste treatment alternatives is on the rise.

The main environmental issues include emissions-mainly of particles, NOx and dioxins-into the air. Air emissions of all substances are expected to be below the maximum permitted levels. The environmental permit requires best available techniques (BAT) to be used.

Press release

NIB finansierer nytt bioenergianlegg på Hamar