NIB and Statnett Sign Contract for Financing of Subsea Cable Between Norway and Denmark

NIB and Statnett Sign Contract for Financing of Subsea Cable Between Norway and Denmark

The Nordic Investment Bank (NIB) and the Norwegian grid operator Statnett have signed a loan totalling NOK 1,300 million (EUR 165 million) for the partial financing of the new subsea cable between Norway and Denmark and the upgrade of Statnett’s existing cable across the Oslofjord…

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Source: reuters , October, 19.  2011