Nordic Environment Finance Corporation
NEFCO is an international financial institution established by the five Nordic countries. NEFCO finances investments and projects primarily in Russia, Ukraine, Estonia, Latvia, Lithuania and Belarus, in order to generate positive environmental effects of interest to the Nordic region.
topic issue
Production manager Kęstutis Žilinskas at Litspin. Photograph: Patrik Rastenberger
Factories and mills are usually associated with greasy overalls and clattering machinery. This is not the case at the Lithuanian spinning mill Litspin Ltd in Raseinai. Although the Finnish expression “quiet as a felt slipper factory” does not quite describe the noise level, it is definitely not ear-splitting.
The sheep's wool is imported from Ireland, Scotland, New Zealand, Australia and Norway. Photograph: Patrik Rastenberger
Litspin produces yarn for blankets, carpets and rugs. Photograph: Patrik Rastenberger
Each production line at Litspin can turn out close to 90 kilos of yarn per hour. Photograph: Patrik Rastenberger
Yarn at close range. The project has reduced the mill’s CO2-emissions by 220 tonnes per year. Photograph: Patrik Rastenberger
NEFCO has financed modernization of the mill’s heating systems. Photograph: Patrik Rastenberger
news
Korablik kindergarten in Kostamuksha has benefited from NEFCO's loan. Photograph: Victor Kotomkin
[3.7.2009]NEFCO has signed two new energy saving agreements with the city of Kostomuksha and the Valday settlement in the Segezha municipal district in Karelia. The Valday project includes the reconstruction of the drinking water supply system. The Kostomuksha project is aimed at installing automatic heating subcentrals connected to local school buildings and kindergartens.
The nature protection area at the Curonian spit. Photograph: Patrik Rastenberger
[2.7.2009]The Nordic Investment Bank (NIB) and the Nordic Environment Finance Corporation (NEFCO) will jointly manage a new trust fund for technical assistance to finance the preparation of projects aimed at restoring the ecological status of the Baltic Sea.
Events
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[21.7.2009]
An international conference named “Renewable energy and clean tech - tools for regional development" will take place in Östersund, Sweden 20-21 July 2009. The purpose of the conference is to agree on a position document containing concrete proposals for sustainable regional development through innovation in renewable energies and clean technology. This document will be communicated to the informal EU Council meeting in Åre on the 23-24 July.
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[22.8.2009]
Special Adviser Husamuddin Ahmadzai from NEFCO will chair a workshop on subsidies in the water sector at the international conference World Water Week in Stockholm 16-22 August 2009. The theme for this year is "Accessing water for the common good".
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[4.9.2009]
NEFCO has been invited to the 4th international bioenergy 2009 conference in Jyväskylä, Finland. The conference, which takes place 1-4 September, will focus on the factors affecting the future of the bioenergy, biopower, biofuels in transport and biobased modern technologies and products. Attention will also be given to logistic systems, procurement chains, the effects of the energy market, the influence of green marketing and other trends affecting forestry, agriculture, industry and climate.
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[30.9.2009]
Senior Investment Manager Ash Sharma from NEFCO will give a presentation on future prospects for CDM projects in Southern Caucasus, Central Asia and Turkey. The presentation is delivered at Green Power's 19th international carbon markets event in Istanbul, Turkey. The event will take place 29-30 September.
- [17.4.2009]
