The ten-year maturity loan will help finance six new generators and turbines for Akershus’ Ranasfossen hydropower plant and this will increase annual production by 60GWh.

At the Rendalen hydropower facility, a new station is built adjacent to the old one, increasing the energy output by 40GWh per year.

Akershus Energi will build a green field district heating plant in Lillestrom, which will generate 150GWh of electricity per year by using wood chips, heat pumps, waste deposit gas and solar panels.

NIB president and CEO Johnny Akerholm said NIB’s loan helps finance a project which combines security of energy supply with environmental sustainability.