Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


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

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.

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.