Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Nordic Investment Bank Lends Money for Hydropower in Greenland

June 26 (Bloomberg) -- The Nordic Investment Bank, owned by the five Nordic and three Baltic governments, is lending 47 million euros ($59 million) to the Greenland’s self-rule government for a hydropower project on the island’s west coast.

The 15-year loan, which will cover almost half of the project’s cost, will help the Greenland Energy Authority develop a 22.5-megawatt facility, Dimitrijs Alehins, a spokesman for the NIB, said today by e-mail. The government will finance the remainder.

Three turbines of 7.5 megawatts each will be installed at a site outside of the town of Ilulissat. The first turbine is expected to start working in November and the whole plant from September 2013, according to a website statement.

To contact the reporter responsible for this story: Louise Downing in London at

To contact the editor responsible for this story: Reed Landberg in London at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.