The project deals with three separate initiatives. The first concerns the implementation of a natural gas-fired combined-cycle gas turbine plant at Espoo, Finland, replacing an older plant. The second scheme consists of a medium-sized coal- and biomass-fired plant at Czestochowa, Poland. According to plan, the Czestochowa plant will begin production in 2010.
The project also includes the installation of an automatic metering management infrastructure for the promoter’s power distribution operations in Sweden. The meters will enable remote reading, provide real-time consumption information and allow differential pricing according to the system load.
Eva Srejber, vice president of EIB, said: “The EIB attaches particular importance to the renewal of the Bank’s cooperation with Fortum by supporting investments contributing to energy efficiency and reliable supply in the Baltic Sea region.”
