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Statnett

NIB finances Western Corridor project in Norway

1 min read

The FINANCIAL — NIB and the Norwegian system operator Statnett have signed a 15-year loan of NOK 1.2 billion. The loan contributes to finance the upgrade of the main electricity grid in South-West Norway. The Western Corridor is a common name for the main electricity grid in South-West Norway, which includes the counties of Agder and Rogaland. Statnett expects to complete the Western Corridor during 2021 and estimates a total investment cost of approximately NOK 6.5 billion. “The loan agreement contributes to the financing of the Western Corridor, which is an important project towards the electrical future. We at Statnett…

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NIB finances Western Corridor project in Norway

1 min read

The FINANCIAL — NIB and the Norwegian system operator Statnett have signed a 15-year loan of NOK 1.2 billion. The loan contributes to finance the upgrade of the main electricity grid in South-West Norway. The Western Corridor is a common name for the main electricity grid in South-West Norway, which includes the counties of Agder…