Norwegian HEP firm secures $52m loan

The Nordic Investment Bank (NIB) has signed an agreement to provide a loan of $52m to Norwegian energy company E-CO Energi to finance the development of its three hydropower projects.

Energy Business Review reports that the loan will be used for the construction of a new dam, four new aggregates and a new hydropower plant to replace a 40-year-old existing plant.

For more HEP news

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


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 ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...