Funding agreed for Swedish biomass CHP plant

A new biomass-fired combined heat and power (CHP) plant in Sweden is to receive funding through a long-term loan.  

The Nordic Investment Bank (NIB) and the municipality of Jönköping have announced an agreement on a 25-year loan for SEK100m (€10.8m, $11.9m) for expansion projects at the Torsvik 2 plant (pictured) located 10 km outside Jönköping.

The 110 MW/100 MWth plant came online in April and is operated by utility Jönköping Energi, supplying around 50% of the municipality’s power and heat requirements. Through a district heating network, the plant supplies around 30,000 households. Fuel is provided by residue from the local forest industry and non-recyclable waste.

The NIB said the parties have agreed to discuss further financing up to SEK500m for the project.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...