English

NEFCO chairs Northern Dimension Environmental Partnership

Intro-text for frontpage: 

NEFCO has assumed the chairmanship of the Northern Dimension Environmental Partnership (NDEP).

Specifically NEFCO will manage the activities of the organization’s Steering Group, which is responsible for initiating and implementing environmental development projects in the Northern Dimension Area of Northwestern Russia.

Picture in intro-text: 

The Southwest wastewater treatment plant in St. Petersburg was partially financed by NDEP.

The Southwest wastewater treatment plant in St. Petersburg was partially financed by NDEP.

 

Body: 

At the moment the NDEP, which complements project funding supplied by international financial institutions, has some 16 active environmental projects in the pipeline.

Apart from NEFCO, the NDEP’s Steering Group has representatives from the World Bank, the European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB), the Nordic Investment Bank (NIB), the European Commission and Russia.

NEFCO’s Managing Director, Magnus Rystedt, will be the chairperson of the Steering Group until the end of June 2011.

"The year ahead will be busy and decisive for NDEP. We aim at signing two new grant agreements in Russia in August. Additionally, new proposals on wastewater treatment are currently being developed by the international financial institutions for Murmansk, the Leningrad area and Pskov in Russia and Vitebsk, Grodno and Brest in Belarus. We hope to be able to submit these proposals for the Assembly’s approval this year", said Managing Director Magnus Rystedt.

Read the article above in Russian

Learn more about NDEP

Read more about NDEP's environmental programme

Read NDEP's latest newsletter from May 2010


  • Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

    Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

    [19.7.2010]

    It is hard to describe today’s district heating production in St. Petersburg without feeling the wing-beats of history. The world’s first district heating pipeline was laid to the address Fontanka 96 in St. Petersburg in 1924.

    Mapping out the district heating network in St. Petersburg. Photo: Patrik Rastenberger

    Mapping out the district heating network in St. Petersburg. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    The 112-year-old plant could soon become a museum. Photo: Patrik Rastenberger

    The 112-year-old plant could soon become a museum. Photo: Patrik Rastenberger

    Wing-beats of history. Photo: Patrik Rastenberger

    Wing-beats of history. Photo: Patrik Rastenberger

    Measuring energy. Photo: Patrik Rastenberger

    Measuring energy. Photo: Patrik Rastenberger

    The new transfer pumping station will be constructed next to the 112-year-old plant. Photo: Patrik Rastenberger

    The new transfer pumping station will be constructed next to the 112-year-old plant. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

    Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

  • [24.6.2010]

    The Nordic Environment Finance Corporation announces that its NEFCO Carbon Fund (NeCF) has signed three long term Agreements to procure certified emission reductions from three small hydro power projects in northern Vietnam. The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM), and will generate predominantly post 2012 credits.

  • Construction of a water dam at Bac Ha in northern Vietnam. Photo: Tommi Tynjälä

    Construction of a water dam at Bac Ha in northern Vietnam. Photo: Tommi Tynjälä

    [24.6.2010]

    The NEFCO Carbon Fund (NeCF) has signed three long term Agreements to procure certified emission reductions from three small hydro power projects in northern Vietnam.

    The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM), and will generate predominantly post 2012 credits.

  • Solar energy. Exploiting the sun to combat climate change.

    Solar energy. Exploiting the sun to combat climate change.

    [15.6.2010]

    The Nordic Development Fund’s Board of Directors has approved financing of EUR 10 million for a new climate initiative named the ProClimate Facility (ProCF).

    The new facility will be implemented in partnership with NEFCO’s Carbon Finance and Funds team, which has extensive experience of purchasing emission reductions from climate projects across the world.

  • "Our farm fulfils the EU environmental criteria", says Vice President Tatyana Sharygina. Photo: Patrik Rastenberger

    "Our farm fulfils the EU environmental criteria", says Vice President Tatyana Sharygina. Photo: Patrik Rastenberger

    [11.6.2010]

    The car drive from Pulkovo airport to Nurma some 55 kilometres east of St. Petersburg takes us through Ingermanland. The Finnish-sounding names of the villages and rivers testify to a Finno-Ugric past that continues to thrive in the region where JSC Rurik Agro, a Danish company, has chosen to set up its pig farm.

    Pig manure storage. The NEFCO-financed lagoons have a capacity of 60,000 cubic metres. Photo: Patrik Rastenberger

    Pig manure storage. The NEFCO-financed lagoons have a capacity of 60,000 cubic metres. Photo: Patrik Rastenberger

    The liquid manure is delivered to local farmers as fertilizer. Photo: Patrik Rastenberger

    The liquid manure is delivered to local farmers as fertilizer. Photo: Patrik Rastenberger

    Offloading liquid manure in Nurma. Photo: Patrik Rastenberger

    Offloading liquid manure in Nurma. Photo: Patrik Rastenberger

    The pig farm in Nurma is a former 'sovkhoz' - a collective farm established during the Soviet era. Photo: Patrik Rastenberger

    The pig farm in Nurma is a former 'sovkhoz' - a collective farm established during the Soviet era. Photo: Patrik Rastenberger

    "We're keen to expand operations elsewhere", says John Hybel, CEO at JSC Rurik Agro. Photo: Patrik Rastenberger

    "We're keen to expand operations elsewhere", says John Hybel, CEO at JSC Rurik Agro. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    The reconstruction of pigsties is expected to be ready in September. Photo: Patrik Rastenberger

    The reconstruction of pigsties is expected to be ready in September. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

  • Folded clothes at a day-care centre in Northwestern Russia. Photo: Patrik Rastenberger

    Folded clothes at a day-care centre in Northwestern Russia. Photo: Patrik Rastenberger

     

    [3.6.2010]

    Eight schools and six day-care centres in Olenegorsk, which is situated in Northwestern Russia on the Kola Peninsula, will benefit from a comprehensive energy saving scheme financed from NEFCO’s Facility for Energy Saving Credits.

    The project will involve the installation of automated heating sub-centrals as well as balancing and thermostatic valves in 14 buildings, which are owned by the city’s education department.

  • General Director Hans Tardell at Scania's office in Moscow. Photo: Patrik Rastenberger

    General Director Hans Tardell at Scania's office in Moscow. Photo: Patrik Rastenberger

    [28.5.2010]

    During rush hours, Moscow’s streets are often converted into parking lots. One of our hosts told us how it took him two hours to cover the 10 kilometres from his office to home in congested traffic on a sunny, stifling afternoon last spring. What would Moscow be without its public transport system?

    Fuel efficient Scania bus at work. Photo: Patrik Rastenberger

    Fuel efficient Scania bus at work. Photo: Patrik Rastenberger

    The entrance at bus station Kievskaya in Moscow. Photo: Patrik Rastenberger

    The entrance at bus station Kievskaya in Moscow. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    One of Scania's Russian buses in operation. Photo: Patrik Rastenberger

    One of Scania's Russian buses in operation. Photo: Patrik Rastenberger

  • NeCF procures emission reductions from two small hydro power projects in Sichuan province, China.

    NeCF procures emission reductions from two small hydro power projects in Sichuan province, China.

    [19.5.2010]

    The NEFCO Carbon Fund (NeCF) has signed two agreements to procure emission reductions from two small hydro power projects in Sichuan province, China.

    The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM).

  • Murmansk hosts one of Russia's oil harbours. Photo: Patrik Rastenberger

    Murmansk hosts one of Russia's oil harbours. Photo: Patrik Rastenberger

    [30.4.2010]

    NEFCO and Neste Jacobs have reached an agreement to finance and implement projects to ensure the safe offloading of oil products at terminals in Russia, Ukraine and Belarus.

    Under the terms of the agreement, NEFCO will fund the operations while Neste Jacobs will provide the oil offloading technology and its engineering services.

  • Getting ready for the afternoon nap at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Getting ready for the afternoon nap at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    [14.4.2010]

    “The children have already gone up for their afternoon nap but if you make it snappy, you’ll have time to take a few photos,” says day-care centre Director Natalya Bykova as she hurries upstairs.

    Sleeping tight at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Sleeping tight at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Director Natalya Bykova heads day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Director Natalya Bykova heads day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk has over 330 pupils. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk has over 330 pupils. Photo: Patrik Rastenberger

    Learning ecology at school 1 in Novodvinsk. Photo: Patrik Rastenberger

    Learning ecology at school 1 in Novodvinsk. Photo: Patrik Rastenberger

    Upstairs. School number 1 has saved around 300,000 roubles per year in heating costs. Photo: Patrik Rastenberger

    Upstairs. School number 1 has saved around 300,000 roubles per year in heating costs. Photo: Patrik Rastenberger

    Director Svetlana Zadvornaya heads the local art school in Novodvinsk. Photo: Patrik Rastenberger

    Director Svetlana Zadvornaya heads the local art school in Novodvinsk. Photo: Patrik Rastenberger

    New heat exchangers at the art school in Novodvinsk. Photo: Patrik Rastenberger

    New heat exchangers at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Painter Pavel Leshukov has set up exhibitions at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Painter Pavel Leshukov has set up exhibitions at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Providing colours. The art school in Novodvinsk has facilities for art exhibitions. Photo: Patrik Rastenberger

    Providing colours. The art school in Novodvinsk has facilities for art exhibitions. Photo: Patrik Rastenberger

Improving energy efficiency in the historical quarter of St. Petersburg

Intro-text for frontpage: 

It is hard to describe today’s district heating production in St. Petersburg without feeling the wing-beats of history. The world’s first district heating pipeline was laid to the address Fontanka 96 in St. Petersburg in 1924.

Picture in intro-text: 

Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

Body: 

The pilot project was launched because the local engineers wanted to experiment with ways of reducing smoke and particle emissions in the city at a time when most homes were provided with woodfired stoves.

Fontanka is a seven-kilometre long river that flows past the historical quarter. In the 19th century, the fountains in the summer garden of the imperial family were fed with water drawn from the River Fontanka. In the 1920s, the building to which the world’s first district heating pipeline was laid, used to house a print shop that put out Bolshevik publications such as the newspaper Volga.

The local company TGK-1 is currently planning to install a new transfer pumping station fitted with frequency converters in order to improve energy efficiency and reduce fuel consumption in St. Petersburg. The new transfer pumping station to be built on the company’s inner courtyard will replace the existing electricity works dating back to 1898. NEFCO is co-funding the project by extending a loan of EUR three million.

“The investment is assumed to reduce the annual consumption of natural gas by close to 13.5 million cubic metres, which will decrease carbon dioxide emissions by about 25,000 tonnes per year,” says Senior Investment Manager Ulf Bojö of NEFCO.

Additionally, the project foresees the installation of new thermally insulated pipelines to address the problems with heat losses. As a result of these measures and the construction of the new transfer pumping station, the project will allow the closure of around 55 outdated heating plants in St. Petersburg.

At the time of our visit to St Petersburg the district heating market in St Petersburg had just undergone a major reorganisation. The City Administration and TGK-1 decided to establish a purpose-oriented company Tieploseti St Peterburga by merging assets of the City-owned Guptek and TGK-1 owned District Heating Network. Lately these two companies shared market of the city in 50 / 50 proportion. We met the newly appointed Director of Tieploseti Evgeny Hatchaturov, who now bears the overall responsibility of the project.

“We carried out the reorganisation to improve customer service and develop the existing district heating network. As we are now also responsible for the branch lines to the flats, it's easier to make further investments and upgrade the technology as we can now see the big picture," says Hatchaturov.

Teploseti Peterburga is planning to buy some of the equipment required for the new investments from Germany, which will also guarantee financing from German banks. While a more extensive district heat network will mean more customers and greater financial return, it will also mean major environmental benefits. According to the local regulations, each new flat connected to the district heat network will be supplied by heating plants that
co-generate electricity and heating, which will automatically improve energy efficiency.

But the new investments will also ensure the preservation of the historic quarter targeted for the project.

“We hope to be able to convert the old electricity works into a museum or an administrative office building for use by Tieploseti Peterburga once the project is completed,” says Sergey Kotov who heads the 112-year-old plant.

Additional images in slideshow: 

Mapping out the district heating network in St. Petersburg. Photo: Patrik Rastenberger

Mapping out the district heating network in St. Petersburg. Photo: Patrik Rastenberger

The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

The 112-year-old plant could soon become a museum. Photo: Patrik Rastenberger

The 112-year-old plant could soon become a museum. Photo: Patrik Rastenberger

Wing-beats of history. Photo: Patrik Rastenberger

Wing-beats of history. Photo: Patrik Rastenberger

Measuring energy. Photo: Patrik Rastenberger

Measuring energy. Photo: Patrik Rastenberger

The new transfer pumping station will be constructed next to the 112-year-old plant. Photo: Patrik Rastenberger

The new transfer pumping station will be constructed next to the 112-year-old plant. Photo: Patrik Rastenberger

The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger


  • The Southwest wastewater treatment plant in St. Petersburg was partially financed by NDEP.

    The Southwest wastewater treatment plant in St. Petersburg was partially financed by NDEP.

     

    [20.7.2010]

    NEFCO has assumed the chairmanship of the Northern Dimension Environmental Partnership (NDEP).

    Specifically NEFCO will manage the activities of the organization’s Steering Group, which is responsible for initiating and implementing environmental development projects in the Northern Dimension Area of Northwestern Russia.

  • [24.6.2010]

    The Nordic Environment Finance Corporation announces that its NEFCO Carbon Fund (NeCF) has signed three long term Agreements to procure certified emission reductions from three small hydro power projects in northern Vietnam. The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM), and will generate predominantly post 2012 credits.

  • Construction of a water dam at Bac Ha in northern Vietnam. Photo: Tommi Tynjälä

    Construction of a water dam at Bac Ha in northern Vietnam. Photo: Tommi Tynjälä

    [24.6.2010]

    The NEFCO Carbon Fund (NeCF) has signed three long term Agreements to procure certified emission reductions from three small hydro power projects in northern Vietnam.

    The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM), and will generate predominantly post 2012 credits.

  • Solar energy. Exploiting the sun to combat climate change.

    Solar energy. Exploiting the sun to combat climate change.

    [15.6.2010]

    The Nordic Development Fund’s Board of Directors has approved financing of EUR 10 million for a new climate initiative named the ProClimate Facility (ProCF).

    The new facility will be implemented in partnership with NEFCO’s Carbon Finance and Funds team, which has extensive experience of purchasing emission reductions from climate projects across the world.

  • "Our farm fulfils the EU environmental criteria", says Vice President Tatyana Sharygina. Photo: Patrik Rastenberger

    "Our farm fulfils the EU environmental criteria", says Vice President Tatyana Sharygina. Photo: Patrik Rastenberger

    [11.6.2010]

    The car drive from Pulkovo airport to Nurma some 55 kilometres east of St. Petersburg takes us through Ingermanland. The Finnish-sounding names of the villages and rivers testify to a Finno-Ugric past that continues to thrive in the region where JSC Rurik Agro, a Danish company, has chosen to set up its pig farm.

    Pig manure storage. The NEFCO-financed lagoons have a capacity of 60,000 cubic metres. Photo: Patrik Rastenberger

    Pig manure storage. The NEFCO-financed lagoons have a capacity of 60,000 cubic metres. Photo: Patrik Rastenberger

    The liquid manure is delivered to local farmers as fertilizer. Photo: Patrik Rastenberger

    The liquid manure is delivered to local farmers as fertilizer. Photo: Patrik Rastenberger

    Offloading liquid manure in Nurma. Photo: Patrik Rastenberger

    Offloading liquid manure in Nurma. Photo: Patrik Rastenberger

    The pig farm in Nurma is a former 'sovkhoz' - a collective farm established during the Soviet era. Photo: Patrik Rastenberger

    The pig farm in Nurma is a former 'sovkhoz' - a collective farm established during the Soviet era. Photo: Patrik Rastenberger

    "We're keen to expand operations elsewhere", says John Hybel, CEO at JSC Rurik Agro. Photo: Patrik Rastenberger

    "We're keen to expand operations elsewhere", says John Hybel, CEO at JSC Rurik Agro. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    The reconstruction of pigsties is expected to be ready in September. Photo: Patrik Rastenberger

    The reconstruction of pigsties is expected to be ready in September. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

  • Folded clothes at a day-care centre in Northwestern Russia. Photo: Patrik Rastenberger

    Folded clothes at a day-care centre in Northwestern Russia. Photo: Patrik Rastenberger

     

    [3.6.2010]

    Eight schools and six day-care centres in Olenegorsk, which is situated in Northwestern Russia on the Kola Peninsula, will benefit from a comprehensive energy saving scheme financed from NEFCO’s Facility for Energy Saving Credits.

    The project will involve the installation of automated heating sub-centrals as well as balancing and thermostatic valves in 14 buildings, which are owned by the city’s education department.

  • General Director Hans Tardell at Scania's office in Moscow. Photo: Patrik Rastenberger

    General Director Hans Tardell at Scania's office in Moscow. Photo: Patrik Rastenberger

    [28.5.2010]

    During rush hours, Moscow’s streets are often converted into parking lots. One of our hosts told us how it took him two hours to cover the 10 kilometres from his office to home in congested traffic on a sunny, stifling afternoon last spring. What would Moscow be without its public transport system?

    Fuel efficient Scania bus at work. Photo: Patrik Rastenberger

    Fuel efficient Scania bus at work. Photo: Patrik Rastenberger

    The entrance at bus station Kievskaya in Moscow. Photo: Patrik Rastenberger

    The entrance at bus station Kievskaya in Moscow. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    One of Scania's Russian buses in operation. Photo: Patrik Rastenberger

    One of Scania's Russian buses in operation. Photo: Patrik Rastenberger

  • NeCF procures emission reductions from two small hydro power projects in Sichuan province, China.

    NeCF procures emission reductions from two small hydro power projects in Sichuan province, China.

    [19.5.2010]

    The NEFCO Carbon Fund (NeCF) has signed two agreements to procure emission reductions from two small hydro power projects in Sichuan province, China.

    The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM).

  • Murmansk hosts one of Russia's oil harbours. Photo: Patrik Rastenberger

    Murmansk hosts one of Russia's oil harbours. Photo: Patrik Rastenberger

    [30.4.2010]

    NEFCO and Neste Jacobs have reached an agreement to finance and implement projects to ensure the safe offloading of oil products at terminals in Russia, Ukraine and Belarus.

    Under the terms of the agreement, NEFCO will fund the operations while Neste Jacobs will provide the oil offloading technology and its engineering services.

  • Getting ready for the afternoon nap at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Getting ready for the afternoon nap at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    [14.4.2010]

    “The children have already gone up for their afternoon nap but if you make it snappy, you’ll have time to take a few photos,” says day-care centre Director Natalya Bykova as she hurries upstairs.

    Sleeping tight at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Sleeping tight at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Director Natalya Bykova heads day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Director Natalya Bykova heads day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk has over 330 pupils. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk has over 330 pupils. Photo: Patrik Rastenberger

    Learning ecology at school 1 in Novodvinsk. Photo: Patrik Rastenberger

    Learning ecology at school 1 in Novodvinsk. Photo: Patrik Rastenberger

    Upstairs. School number 1 has saved around 300,000 roubles per year in heating costs. Photo: Patrik Rastenberger

    Upstairs. School number 1 has saved around 300,000 roubles per year in heating costs. Photo: Patrik Rastenberger

    Director Svetlana Zadvornaya heads the local art school in Novodvinsk. Photo: Patrik Rastenberger

    Director Svetlana Zadvornaya heads the local art school in Novodvinsk. Photo: Patrik Rastenberger

    New heat exchangers at the art school in Novodvinsk. Photo: Patrik Rastenberger

    New heat exchangers at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Painter Pavel Leshukov has set up exhibitions at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Painter Pavel Leshukov has set up exhibitions at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Providing colours. The art school in Novodvinsk has facilities for art exhibitions. Photo: Patrik Rastenberger

    Providing colours. The art school in Novodvinsk has facilities for art exhibitions. Photo: Patrik Rastenberger

NEFCO Carbon Fund extends renewable energy portfolio in South East Asia

Intro-text for frontpage: 

The Nordic Environment Finance Corporation announces that its NEFCO Carbon Fund (NeCF) has signed three long term Agreements to procure certified emission reductions from three small hydro power projects in northern Vietnam. The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM), and will generate predominantly post 2012 credits.

Body: 

Maija Saijonmaa, a Project Manager with NEFCO’s Carbon Finance and Funds Unit, based in Helsinki described the investments: “The hydro-electric power stations will have a combined installed capacity of 37 MW. The projects are contracted until 2017, utilising the available 7 year crediting period, and are implemented under the Small Scale rules and the approved small-scale methodology AMS-I.D, version 15.” she stated.

In recent years, Vietnam has suffered electricity shortages as a consequence from rapidly increasing demand, thereby imposing negative impacts on economic growth and daily lives of people. As almost 60% of the electricity is generated from fossil fuels, the projects will help reduce emissions. The three separate hydro plants will generate approximately 145 GWh of clean energy, respectively per year leading to estimated combined annual emission reductions of approximately 83,100 tonnes CO2 equivalents or 582,000 tonnes CO2 over the crediting period.

The projects are about to enter validation with TUV Rheinland. The combined capital investment is equivalent to approximately EUR 4.5 million.

“The NeCF has been working in the ASEAN region since the launch of the Fund in April 2008, and is currently evaluating a number of projects in the region, with an emphasis on renewable energy. The rapidly growing economies of South East Asia offer significant opportunities for expansion of clean energy provision, in which CDM and successor carbon finance mechanisms can play an important role”, said Ash Sharma who heads the Carbon Finance and Funds Unit at NEFCO.

He also cites the supportive actions of several of the host governments in the region with regard to institutional support for the CDM, particularly as regards post 2012 crediting.

The NEFCO Carbon Fund was launched in March 2008, and started operations in April 2008. To date the fund has 10 signed ERPA contracts, plus a further 6 projects at the Letter of Intent stage. The NeCF currently has access to financial resources of €100 million, raised from both sovereign and private sector actors. The purpose of the facility is to procure high quality carbon credits for compliance purposes under the EU Emission Trading Scheme and the Kyoto Protocol.

For further information, please contact:
Ash Sharma, Senior Investment Manager, Head, Carbon Finance and Funds Unit, NEFCO, + 358 400 811 327 
Maija Saijonmaa, Project Manager, Carbon Finance and Funds Unit, NEFCO, + 358 50 344 5151


  • The Southwest wastewater treatment plant in St. Petersburg was partially financed by NDEP.

    The Southwest wastewater treatment plant in St. Petersburg was partially financed by NDEP.

     

    [20.7.2010]

    NEFCO has assumed the chairmanship of the Northern Dimension Environmental Partnership (NDEP).

    Specifically NEFCO will manage the activities of the organization’s Steering Group, which is responsible for initiating and implementing environmental development projects in the Northern Dimension Area of Northwestern Russia.

  • Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

    Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

    [19.7.2010]

    It is hard to describe today’s district heating production in St. Petersburg without feeling the wing-beats of history. The world’s first district heating pipeline was laid to the address Fontanka 96 in St. Petersburg in 1924.

    Mapping out the district heating network in St. Petersburg. Photo: Patrik Rastenberger

    Mapping out the district heating network in St. Petersburg. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    The 112-year-old plant could soon become a museum. Photo: Patrik Rastenberger

    The 112-year-old plant could soon become a museum. Photo: Patrik Rastenberger

    Wing-beats of history. Photo: Patrik Rastenberger

    Wing-beats of history. Photo: Patrik Rastenberger

    Measuring energy. Photo: Patrik Rastenberger

    Measuring energy. Photo: Patrik Rastenberger

    The new transfer pumping station will be constructed next to the 112-year-old plant. Photo: Patrik Rastenberger

    The new transfer pumping station will be constructed next to the 112-year-old plant. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

    Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

  • Construction of a water dam at Bac Ha in northern Vietnam. Photo: Tommi Tynjälä

    Construction of a water dam at Bac Ha in northern Vietnam. Photo: Tommi Tynjälä

    [24.6.2010]

    The NEFCO Carbon Fund (NeCF) has signed three long term Agreements to procure certified emission reductions from three small hydro power projects in northern Vietnam.

    The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM), and will generate predominantly post 2012 credits.

  • Solar energy. Exploiting the sun to combat climate change.

    Solar energy. Exploiting the sun to combat climate change.

    [15.6.2010]

    The Nordic Development Fund’s Board of Directors has approved financing of EUR 10 million for a new climate initiative named the ProClimate Facility (ProCF).

    The new facility will be implemented in partnership with NEFCO’s Carbon Finance and Funds team, which has extensive experience of purchasing emission reductions from climate projects across the world.

  • "Our farm fulfils the EU environmental criteria", says Vice President Tatyana Sharygina. Photo: Patrik Rastenberger

    "Our farm fulfils the EU environmental criteria", says Vice President Tatyana Sharygina. Photo: Patrik Rastenberger

    [11.6.2010]

    The car drive from Pulkovo airport to Nurma some 55 kilometres east of St. Petersburg takes us through Ingermanland. The Finnish-sounding names of the villages and rivers testify to a Finno-Ugric past that continues to thrive in the region where JSC Rurik Agro, a Danish company, has chosen to set up its pig farm.

    Pig manure storage. The NEFCO-financed lagoons have a capacity of 60,000 cubic metres. Photo: Patrik Rastenberger

    Pig manure storage. The NEFCO-financed lagoons have a capacity of 60,000 cubic metres. Photo: Patrik Rastenberger

    The liquid manure is delivered to local farmers as fertilizer. Photo: Patrik Rastenberger

    The liquid manure is delivered to local farmers as fertilizer. Photo: Patrik Rastenberger

    Offloading liquid manure in Nurma. Photo: Patrik Rastenberger

    Offloading liquid manure in Nurma. Photo: Patrik Rastenberger

    The pig farm in Nurma is a former 'sovkhoz' - a collective farm established during the Soviet era. Photo: Patrik Rastenberger

    The pig farm in Nurma is a former 'sovkhoz' - a collective farm established during the Soviet era. Photo: Patrik Rastenberger

    "We're keen to expand operations elsewhere", says John Hybel, CEO at JSC Rurik Agro. Photo: Patrik Rastenberger

    "We're keen to expand operations elsewhere", says John Hybel, CEO at JSC Rurik Agro. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    The reconstruction of pigsties is expected to be ready in September. Photo: Patrik Rastenberger

    The reconstruction of pigsties is expected to be ready in September. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

  • Folded clothes at a day-care centre in Northwestern Russia. Photo: Patrik Rastenberger

    Folded clothes at a day-care centre in Northwestern Russia. Photo: Patrik Rastenberger

     

    [3.6.2010]

    Eight schools and six day-care centres in Olenegorsk, which is situated in Northwestern Russia on the Kola Peninsula, will benefit from a comprehensive energy saving scheme financed from NEFCO’s Facility for Energy Saving Credits.

    The project will involve the installation of automated heating sub-centrals as well as balancing and thermostatic valves in 14 buildings, which are owned by the city’s education department.

  • General Director Hans Tardell at Scania's office in Moscow. Photo: Patrik Rastenberger

    General Director Hans Tardell at Scania's office in Moscow. Photo: Patrik Rastenberger

    [28.5.2010]

    During rush hours, Moscow’s streets are often converted into parking lots. One of our hosts told us how it took him two hours to cover the 10 kilometres from his office to home in congested traffic on a sunny, stifling afternoon last spring. What would Moscow be without its public transport system?

    Fuel efficient Scania bus at work. Photo: Patrik Rastenberger

    Fuel efficient Scania bus at work. Photo: Patrik Rastenberger

    The entrance at bus station Kievskaya in Moscow. Photo: Patrik Rastenberger

    The entrance at bus station Kievskaya in Moscow. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    One of Scania's Russian buses in operation. Photo: Patrik Rastenberger

    One of Scania's Russian buses in operation. Photo: Patrik Rastenberger

  • NeCF procures emission reductions from two small hydro power projects in Sichuan province, China.

    NeCF procures emission reductions from two small hydro power projects in Sichuan province, China.

    [19.5.2010]

    The NEFCO Carbon Fund (NeCF) has signed two agreements to procure emission reductions from two small hydro power projects in Sichuan province, China.

    The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM).

  • Murmansk hosts one of Russia's oil harbours. Photo: Patrik Rastenberger

    Murmansk hosts one of Russia's oil harbours. Photo: Patrik Rastenberger

    [30.4.2010]

    NEFCO and Neste Jacobs have reached an agreement to finance and implement projects to ensure the safe offloading of oil products at terminals in Russia, Ukraine and Belarus.

    Under the terms of the agreement, NEFCO will fund the operations while Neste Jacobs will provide the oil offloading technology and its engineering services.

  • Getting ready for the afternoon nap at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Getting ready for the afternoon nap at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    [14.4.2010]

    “The children have already gone up for their afternoon nap but if you make it snappy, you’ll have time to take a few photos,” says day-care centre Director Natalya Bykova as she hurries upstairs.

    Sleeping tight at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Sleeping tight at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Director Natalya Bykova heads day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Director Natalya Bykova heads day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk has over 330 pupils. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk has over 330 pupils. Photo: Patrik Rastenberger

    Learning ecology at school 1 in Novodvinsk. Photo: Patrik Rastenberger

    Learning ecology at school 1 in Novodvinsk. Photo: Patrik Rastenberger

    Upstairs. School number 1 has saved around 300,000 roubles per year in heating costs. Photo: Patrik Rastenberger

    Upstairs. School number 1 has saved around 300,000 roubles per year in heating costs. Photo: Patrik Rastenberger

    Director Svetlana Zadvornaya heads the local art school in Novodvinsk. Photo: Patrik Rastenberger

    Director Svetlana Zadvornaya heads the local art school in Novodvinsk. Photo: Patrik Rastenberger

    New heat exchangers at the art school in Novodvinsk. Photo: Patrik Rastenberger

    New heat exchangers at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Painter Pavel Leshukov has set up exhibitions at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Painter Pavel Leshukov has set up exhibitions at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Providing colours. The art school in Novodvinsk has facilities for art exhibitions. Photo: Patrik Rastenberger

    Providing colours. The art school in Novodvinsk has facilities for art exhibitions. Photo: Patrik Rastenberger

NeCF extends renewable energy portfolio in South East Asia

Intro-text for frontpage: 

The NEFCO Carbon Fund (NeCF) has signed three long term Agreements to procure certified emission reductions from three small hydro power projects in northern Vietnam.

The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM), and will generate predominantly post 2012 credits.

Picture in intro-text: 

Construction of a water dam at Bac Ha in northern Vietnam. Photo: Tommi Tynjälä

Construction of a water dam at Bac Ha in northern Vietnam. Photo: Tommi Tynjälä

Body: 

Maija Saijonmaa, a Project Manager with NEFCO’s Carbon Finance and Funds Unit, based in Helsinki described the investments: “The hydro-electric power stations will have a combined installed capacity of 37 MW. The projects are contracted until 2017, utilising the available 7 year crediting period, and are implemented under the Small Scale rules and the approved small-scale methodology AMS-I.D, version 15.” she stated.

In recent years, Vietnam has suffered electricity shortages as a consequence from rapidly increasing demand, thereby imposing negative impacts on economic growth and daily lives of people. As almost 60% of the electricity is generated from fossil fuels, the projects will help reduce emissions. The three separate hydro plants will generate approximately 145 GWh of clean energy, respectively per year leading to estimated combined annual emission reductions of approximately 83,100 tonnes CO2 equivalents or 582,000 tonnes of CO2 over the crediting period.

The NEFCO Carbon Fund was launched in March 2008, and started operations in April 2008. To date the fund has 10 signed ERPA contracts, plus a further 6 projects at the Letter of Intent stage. The NeCF currently has access to financial resources of €100 million, raised from both sovereign and private sector actors. The purpose of the facility is to procure high quality carbon credits for compliance purposes under the EU Emission Trading Scheme and the Kyoto Protocol.

Read our press release

Read the project profile documents relating to the article above

Learn more about carbon financing

Read more about NEFCO's previous hydro projects in Vietnam


  • The Southwest wastewater treatment plant in St. Petersburg was partially financed by NDEP.

    The Southwest wastewater treatment plant in St. Petersburg was partially financed by NDEP.

     

    [20.7.2010]

    NEFCO has assumed the chairmanship of the Northern Dimension Environmental Partnership (NDEP).

    Specifically NEFCO will manage the activities of the organization’s Steering Group, which is responsible for initiating and implementing environmental development projects in the Northern Dimension Area of Northwestern Russia.

  • Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

    Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

    [19.7.2010]

    It is hard to describe today’s district heating production in St. Petersburg without feeling the wing-beats of history. The world’s first district heating pipeline was laid to the address Fontanka 96 in St. Petersburg in 1924.

    Mapping out the district heating network in St. Petersburg. Photo: Patrik Rastenberger

    Mapping out the district heating network in St. Petersburg. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    The 112-year-old plant could soon become a museum. Photo: Patrik Rastenberger

    The 112-year-old plant could soon become a museum. Photo: Patrik Rastenberger

    Wing-beats of history. Photo: Patrik Rastenberger

    Wing-beats of history. Photo: Patrik Rastenberger

    Measuring energy. Photo: Patrik Rastenberger

    Measuring energy. Photo: Patrik Rastenberger

    The new transfer pumping station will be constructed next to the 112-year-old plant. Photo: Patrik Rastenberger

    The new transfer pumping station will be constructed next to the 112-year-old plant. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

    Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

  • [24.6.2010]

    The Nordic Environment Finance Corporation announces that its NEFCO Carbon Fund (NeCF) has signed three long term Agreements to procure certified emission reductions from three small hydro power projects in northern Vietnam. The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM), and will generate predominantly post 2012 credits.

  • Solar energy. Exploiting the sun to combat climate change.

    Solar energy. Exploiting the sun to combat climate change.

    [15.6.2010]

    The Nordic Development Fund’s Board of Directors has approved financing of EUR 10 million for a new climate initiative named the ProClimate Facility (ProCF).

    The new facility will be implemented in partnership with NEFCO’s Carbon Finance and Funds team, which has extensive experience of purchasing emission reductions from climate projects across the world.

  • "Our farm fulfils the EU environmental criteria", says Vice President Tatyana Sharygina. Photo: Patrik Rastenberger

    "Our farm fulfils the EU environmental criteria", says Vice President Tatyana Sharygina. Photo: Patrik Rastenberger

    [11.6.2010]

    The car drive from Pulkovo airport to Nurma some 55 kilometres east of St. Petersburg takes us through Ingermanland. The Finnish-sounding names of the villages and rivers testify to a Finno-Ugric past that continues to thrive in the region where JSC Rurik Agro, a Danish company, has chosen to set up its pig farm.

    Pig manure storage. The NEFCO-financed lagoons have a capacity of 60,000 cubic metres. Photo: Patrik Rastenberger

    Pig manure storage. The NEFCO-financed lagoons have a capacity of 60,000 cubic metres. Photo: Patrik Rastenberger

    The liquid manure is delivered to local farmers as fertilizer. Photo: Patrik Rastenberger

    The liquid manure is delivered to local farmers as fertilizer. Photo: Patrik Rastenberger

    Offloading liquid manure in Nurma. Photo: Patrik Rastenberger

    Offloading liquid manure in Nurma. Photo: Patrik Rastenberger

    The pig farm in Nurma is a former 'sovkhoz' - a collective farm established during the Soviet era. Photo: Patrik Rastenberger

    The pig farm in Nurma is a former 'sovkhoz' - a collective farm established during the Soviet era. Photo: Patrik Rastenberger

    "We're keen to expand operations elsewhere", says John Hybel, CEO at JSC Rurik Agro. Photo: Patrik Rastenberger

    "We're keen to expand operations elsewhere", says John Hybel, CEO at JSC Rurik Agro. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    The reconstruction of pigsties is expected to be ready in September. Photo: Patrik Rastenberger

    The reconstruction of pigsties is expected to be ready in September. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

  • Folded clothes at a day-care centre in Northwestern Russia. Photo: Patrik Rastenberger

    Folded clothes at a day-care centre in Northwestern Russia. Photo: Patrik Rastenberger

     

    [3.6.2010]

    Eight schools and six day-care centres in Olenegorsk, which is situated in Northwestern Russia on the Kola Peninsula, will benefit from a comprehensive energy saving scheme financed from NEFCO’s Facility for Energy Saving Credits.

    The project will involve the installation of automated heating sub-centrals as well as balancing and thermostatic valves in 14 buildings, which are owned by the city’s education department.

  • General Director Hans Tardell at Scania's office in Moscow. Photo: Patrik Rastenberger

    General Director Hans Tardell at Scania's office in Moscow. Photo: Patrik Rastenberger

    [28.5.2010]

    During rush hours, Moscow’s streets are often converted into parking lots. One of our hosts told us how it took him two hours to cover the 10 kilometres from his office to home in congested traffic on a sunny, stifling afternoon last spring. What would Moscow be without its public transport system?

    Fuel efficient Scania bus at work. Photo: Patrik Rastenberger

    Fuel efficient Scania bus at work. Photo: Patrik Rastenberger

    The entrance at bus station Kievskaya in Moscow. Photo: Patrik Rastenberger

    The entrance at bus station Kievskaya in Moscow. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    One of Scania's Russian buses in operation. Photo: Patrik Rastenberger

    One of Scania's Russian buses in operation. Photo: Patrik Rastenberger

  • NeCF procures emission reductions from two small hydro power projects in Sichuan province, China.

    NeCF procures emission reductions from two small hydro power projects in Sichuan province, China.

    [19.5.2010]

    The NEFCO Carbon Fund (NeCF) has signed two agreements to procure emission reductions from two small hydro power projects in Sichuan province, China.

    The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM).

  • Murmansk hosts one of Russia's oil harbours. Photo: Patrik Rastenberger

    Murmansk hosts one of Russia's oil harbours. Photo: Patrik Rastenberger

    [30.4.2010]

    NEFCO and Neste Jacobs have reached an agreement to finance and implement projects to ensure the safe offloading of oil products at terminals in Russia, Ukraine and Belarus.

    Under the terms of the agreement, NEFCO will fund the operations while Neste Jacobs will provide the oil offloading technology and its engineering services.

  • Getting ready for the afternoon nap at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Getting ready for the afternoon nap at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    [14.4.2010]

    “The children have already gone up for their afternoon nap but if you make it snappy, you’ll have time to take a few photos,” says day-care centre Director Natalya Bykova as she hurries upstairs.

    Sleeping tight at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Sleeping tight at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Director Natalya Bykova heads day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Director Natalya Bykova heads day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk has over 330 pupils. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk has over 330 pupils. Photo: Patrik Rastenberger

    Learning ecology at school 1 in Novodvinsk. Photo: Patrik Rastenberger

    Learning ecology at school 1 in Novodvinsk. Photo: Patrik Rastenberger

    Upstairs. School number 1 has saved around 300,000 roubles per year in heating costs. Photo: Patrik Rastenberger

    Upstairs. School number 1 has saved around 300,000 roubles per year in heating costs. Photo: Patrik Rastenberger

    Director Svetlana Zadvornaya heads the local art school in Novodvinsk. Photo: Patrik Rastenberger

    Director Svetlana Zadvornaya heads the local art school in Novodvinsk. Photo: Patrik Rastenberger

    New heat exchangers at the art school in Novodvinsk. Photo: Patrik Rastenberger

    New heat exchangers at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Painter Pavel Leshukov has set up exhibitions at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Painter Pavel Leshukov has set up exhibitions at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Providing colours. The art school in Novodvinsk has facilities for art exhibitions. Photo: Patrik Rastenberger

    Providing colours. The art school in Novodvinsk has facilities for art exhibitions. Photo: Patrik Rastenberger

New ProClimate Facility established by NEFCO and NDF

Intro-text for frontpage: 

The Nordic Development Fund’s Board of Directors has approved financing of EUR 10 million for a new climate initiative named the ProClimate Facility (ProCF).

The new facility will be implemented in partnership with NEFCO’s Carbon Finance and Funds team, which has extensive experience of purchasing emission reductions from climate projects across the world.

Picture in intro-text: 

Solar energy. Exploiting the sun to combat climate change.

Solar energy. Exploiting the sun to combat climate change.

Body: 

The new ProCF establishes a partial climate guarantee and technical assistance to support small and medium-sized investments in climate change mitigation and adaptation projects, including those eligible for so called Clean Development Mechanism (CDM) under the Kyoto Protocol.

ProCF can extend partial loan guarantees, technical and operational guarantees as well as technical assistance to selected projects. As an innovative element the facility can enable different kinds of advance payments on deliveries and supplies, such as Certified Emission Reductions (CERs) in CDM projects. Attaching technical assistance to the selected projects is expected to further enhance the efficiency of the facility.

ProCF builds on NDF’s experiences from the Mekong Energy and Environment Partnership (EEP), the Nordic Climate Facility managed jointly with NEFCO, and the recently-launched GreenPyme energy efficiency programme of the Inter-American Investment Corporation (IIC). All three programmes operate between the public and private sectors. The ProCF supplements the already available financing by establishing a possible source for further support for viable projects developed under these seed-fund facilities.

Learn more about carbon financing

Learn more about the Nordic Development Fund

Read more about the Mekong Energy and Environment Partnership


  • The Southwest wastewater treatment plant in St. Petersburg was partially financed by NDEP.

    The Southwest wastewater treatment plant in St. Petersburg was partially financed by NDEP.

     

    [20.7.2010]

    NEFCO has assumed the chairmanship of the Northern Dimension Environmental Partnership (NDEP).

    Specifically NEFCO will manage the activities of the organization’s Steering Group, which is responsible for initiating and implementing environmental development projects in the Northern Dimension Area of Northwestern Russia.

  • Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

    Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

    [19.7.2010]

    It is hard to describe today’s district heating production in St. Petersburg without feeling the wing-beats of history. The world’s first district heating pipeline was laid to the address Fontanka 96 in St. Petersburg in 1924.

    Mapping out the district heating network in St. Petersburg. Photo: Patrik Rastenberger

    Mapping out the district heating network in St. Petersburg. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    The 112-year-old plant could soon become a museum. Photo: Patrik Rastenberger

    The 112-year-old plant could soon become a museum. Photo: Patrik Rastenberger

    Wing-beats of history. Photo: Patrik Rastenberger

    Wing-beats of history. Photo: Patrik Rastenberger

    Measuring energy. Photo: Patrik Rastenberger

    Measuring energy. Photo: Patrik Rastenberger

    The new transfer pumping station will be constructed next to the 112-year-old plant. Photo: Patrik Rastenberger

    The new transfer pumping station will be constructed next to the 112-year-old plant. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

    Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

  • [24.6.2010]

    The Nordic Environment Finance Corporation announces that its NEFCO Carbon Fund (NeCF) has signed three long term Agreements to procure certified emission reductions from three small hydro power projects in northern Vietnam. The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM), and will generate predominantly post 2012 credits.

  • Construction of a water dam at Bac Ha in northern Vietnam. Photo: Tommi Tynjälä

    Construction of a water dam at Bac Ha in northern Vietnam. Photo: Tommi Tynjälä

    [24.6.2010]

    The NEFCO Carbon Fund (NeCF) has signed three long term Agreements to procure certified emission reductions from three small hydro power projects in northern Vietnam.

    The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM), and will generate predominantly post 2012 credits.

  • "Our farm fulfils the EU environmental criteria", says Vice President Tatyana Sharygina. Photo: Patrik Rastenberger

    "Our farm fulfils the EU environmental criteria", says Vice President Tatyana Sharygina. Photo: Patrik Rastenberger

    [11.6.2010]

    The car drive from Pulkovo airport to Nurma some 55 kilometres east of St. Petersburg takes us through Ingermanland. The Finnish-sounding names of the villages and rivers testify to a Finno-Ugric past that continues to thrive in the region where JSC Rurik Agro, a Danish company, has chosen to set up its pig farm.

    Pig manure storage. The NEFCO-financed lagoons have a capacity of 60,000 cubic metres. Photo: Patrik Rastenberger

    Pig manure storage. The NEFCO-financed lagoons have a capacity of 60,000 cubic metres. Photo: Patrik Rastenberger

    The liquid manure is delivered to local farmers as fertilizer. Photo: Patrik Rastenberger

    The liquid manure is delivered to local farmers as fertilizer. Photo: Patrik Rastenberger

    Offloading liquid manure in Nurma. Photo: Patrik Rastenberger

    Offloading liquid manure in Nurma. Photo: Patrik Rastenberger

    The pig farm in Nurma is a former 'sovkhoz' - a collective farm established during the Soviet era. Photo: Patrik Rastenberger

    The pig farm in Nurma is a former 'sovkhoz' - a collective farm established during the Soviet era. Photo: Patrik Rastenberger

    "We're keen to expand operations elsewhere", says John Hybel, CEO at JSC Rurik Agro. Photo: Patrik Rastenberger

    "We're keen to expand operations elsewhere", says John Hybel, CEO at JSC Rurik Agro. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    The reconstruction of pigsties is expected to be ready in September. Photo: Patrik Rastenberger

    The reconstruction of pigsties is expected to be ready in September. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

  • Folded clothes at a day-care centre in Northwestern Russia. Photo: Patrik Rastenberger

    Folded clothes at a day-care centre in Northwestern Russia. Photo: Patrik Rastenberger

     

    [3.6.2010]

    Eight schools and six day-care centres in Olenegorsk, which is situated in Northwestern Russia on the Kola Peninsula, will benefit from a comprehensive energy saving scheme financed from NEFCO’s Facility for Energy Saving Credits.

    The project will involve the installation of automated heating sub-centrals as well as balancing and thermostatic valves in 14 buildings, which are owned by the city’s education department.

  • General Director Hans Tardell at Scania's office in Moscow. Photo: Patrik Rastenberger

    General Director Hans Tardell at Scania's office in Moscow. Photo: Patrik Rastenberger

    [28.5.2010]

    During rush hours, Moscow’s streets are often converted into parking lots. One of our hosts told us how it took him two hours to cover the 10 kilometres from his office to home in congested traffic on a sunny, stifling afternoon last spring. What would Moscow be without its public transport system?

    Fuel efficient Scania bus at work. Photo: Patrik Rastenberger

    Fuel efficient Scania bus at work. Photo: Patrik Rastenberger

    The entrance at bus station Kievskaya in Moscow. Photo: Patrik Rastenberger

    The entrance at bus station Kievskaya in Moscow. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    One of Scania's Russian buses in operation. Photo: Patrik Rastenberger

    One of Scania's Russian buses in operation. Photo: Patrik Rastenberger

  • NeCF procures emission reductions from two small hydro power projects in Sichuan province, China.

    NeCF procures emission reductions from two small hydro power projects in Sichuan province, China.

    [19.5.2010]

    The NEFCO Carbon Fund (NeCF) has signed two agreements to procure emission reductions from two small hydro power projects in Sichuan province, China.

    The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM).

  • Murmansk hosts one of Russia's oil harbours. Photo: Patrik Rastenberger

    Murmansk hosts one of Russia's oil harbours. Photo: Patrik Rastenberger

    [30.4.2010]

    NEFCO and Neste Jacobs have reached an agreement to finance and implement projects to ensure the safe offloading of oil products at terminals in Russia, Ukraine and Belarus.

    Under the terms of the agreement, NEFCO will fund the operations while Neste Jacobs will provide the oil offloading technology and its engineering services.

  • Getting ready for the afternoon nap at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Getting ready for the afternoon nap at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    [14.4.2010]

    “The children have already gone up for their afternoon nap but if you make it snappy, you’ll have time to take a few photos,” says day-care centre Director Natalya Bykova as she hurries upstairs.

    Sleeping tight at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Sleeping tight at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Director Natalya Bykova heads day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Director Natalya Bykova heads day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk has over 330 pupils. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk has over 330 pupils. Photo: Patrik Rastenberger

    Learning ecology at school 1 in Novodvinsk. Photo: Patrik Rastenberger

    Learning ecology at school 1 in Novodvinsk. Photo: Patrik Rastenberger

    Upstairs. School number 1 has saved around 300,000 roubles per year in heating costs. Photo: Patrik Rastenberger

    Upstairs. School number 1 has saved around 300,000 roubles per year in heating costs. Photo: Patrik Rastenberger

    Director Svetlana Zadvornaya heads the local art school in Novodvinsk. Photo: Patrik Rastenberger

    Director Svetlana Zadvornaya heads the local art school in Novodvinsk. Photo: Patrik Rastenberger

    New heat exchangers at the art school in Novodvinsk. Photo: Patrik Rastenberger

    New heat exchangers at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Painter Pavel Leshukov has set up exhibitions at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Painter Pavel Leshukov has set up exhibitions at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Providing colours. The art school in Novodvinsk has facilities for art exhibitions. Photo: Patrik Rastenberger

    Providing colours. The art school in Novodvinsk has facilities for art exhibitions. Photo: Patrik Rastenberger

Manure project lures beavers back to the river

Intro-text for frontpage: 

The car drive from Pulkovo airport to Nurma some 55 kilometres east of St. Petersburg takes us through Ingermanland. The Finnish-sounding names of the villages and rivers testify to a Finno-Ugric past that continues to thrive in the region where JSC Rurik Agro, a Danish company, has chosen to set up its pig farm.

Picture in intro-text: 

"Our farm fulfils the EU environmental criteria", says Vice President Tatyana Sharygina. Photo: Patrik Rastenberger

"Our farm fulfils the EU environmental criteria", says Vice President Tatyana Sharygina. Photo: Patrik Rastenberger

Body: 

The gigantic pig farm in Nurma is a former ‘sovkhoz’ - a collective farm established during the Soviet era in 1973. After the collapse of the Soviet Union, the farm was converted into a private company in 1992 and carried on operations until 2008 when it was acquired by JSC Rurik Agro.

“From the very beginning, we were keen to upgrade manure processing on the pig farm to prevent any ecological problems,” says the company’s Vice President Tatyana Sharygina.

Past emissions of pig manure to Igolinka River led to eutrophication in the surrounding watercourses and had a negative impact on biodiversity. As the region is located within the Baltic Sea’s catchment area, the releases from the previous pig farm also had an adverse effect on the condition of the condition of the Gulf of Finland. With the help of a loan from NEFCO, Rurik Agro has now had three membrane-lined lagoons with a total capacity of up to 60,000 cubic metres installed on the farm. As a result of the investments, the farm now satisfies the environmental criteria applied within the EU.

“The local people I’ve talked to say that the Igolinka River has recovered quickly and the water has become cleaner lately. Fish catches have increased, the river no longer smells as bad as it used to, and the villagers have spotted beavers that have returned to the river,” says Tatyana.

NEFCO estimates that the newly installed lagoons will reduce phosphorus emissions by around 129 tonnes per year. At the same time, the project will save around 230,000 cubic metres of water annually. After separation and eight months’ settlement in the new lagoons, the solid fraction from the manure can be mixed with peat and delivered to local gardens, dachas and parks.

As far as the liquid manure is concerned, it is delivered to local farmers who can use it as a toxin-free fertilizer in their fields. “Many farmers report that they have resumed field cultivation after a ten-year break now that they have access to free fertilizer,” explains Tatyana.

Rurik Agro also rents fields from local growers who receive free fertilizers in return. All in all, the company owns 3,100 hectares of fields. The transportation of manure requires both human resources and careful planning - solid manure alone is enough to fill 70 trucks each month.

“We have already consolidated our position in the local market and achieved full production with almost 80,000 pigs on the farm here at Nurma. Once the reconstruction of our pigsties has been completed in September, we’re keen to expand operations and explore possibilities to purchase land for similar pig farms elsewhere here in Russia”, says John Hybel, CEO of the company.

At the time of our visit in May, upgrading of the pigsties was in full swing. Thanks to an automated ventilation and feeding system, the company has succeeded in cutting down on energy substantially.

“Considering the huge amounts of sand and cement we buy to modernise the pigsties, you’d think we’re building a skyscraper,” chuckles Tatyana before hurrying away.

Currently, the pig farm in Nurma employs 336 people, many of whom worked on the farm already at the time when it was a Soviet sovkhoz. Local ties are important to Rurik Agro, as without knowledge of the local conditions and local contacts, it would be hard to run a business and recruit labour in the region. The farm also has 17 Danish employees. Tatyana admits that internationalisation has led to a few clashes of culture. “But the best way to address such clashes is with a touch of humour. And there’s one thing we are in full agreement about - so far nobody has come up with an idea of how to raise pigs that smell of roses and produce manure that evaporates into thin air!", laughs Tatyana.

Additional images in slideshow: 

Pig manure storage. The NEFCO-financed lagoons have a capacity of 60,000 cubic metres. Photo: Patrik Rastenberger

Pig manure storage. The NEFCO-financed lagoons have a capacity of 60,000 cubic metres. Photo: Patrik Rastenberger

The liquid manure is delivered to local farmers as fertilizer. Photo: Patrik Rastenberger

The liquid manure is delivered to local farmers as fertilizer. Photo: Patrik Rastenberger

Offloading liquid manure in Nurma. Photo: Patrik Rastenberger

Offloading liquid manure in Nurma. Photo: Patrik Rastenberger

The pig farm in Nurma is a former 'sovkhoz' - a collective farm established during the Soviet era. Photo: Patrik Rastenberger

The pig farm in Nurma is a former 'sovkhoz' - a collective farm established during the Soviet era. Photo: Patrik Rastenberger

"We're keen to expand operations elsewhere", says John Hybel, CEO at JSC Rurik Agro. Photo: Patrik Rastenberger

"We're keen to expand operations elsewhere", says John Hybel, CEO at JSC Rurik Agro. Photo: Patrik Rastenberger

Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

The reconstruction of pigsties is expected to be ready in September. Photo: Patrik Rastenberger

The reconstruction of pigsties is expected to be ready in September. Photo: Patrik Rastenberger

The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger


  • The Southwest wastewater treatment plant in St. Petersburg was partially financed by NDEP.

    The Southwest wastewater treatment plant in St. Petersburg was partially financed by NDEP.

     

    [20.7.2010]

    NEFCO has assumed the chairmanship of the Northern Dimension Environmental Partnership (NDEP).

    Specifically NEFCO will manage the activities of the organization’s Steering Group, which is responsible for initiating and implementing environmental development projects in the Northern Dimension Area of Northwestern Russia.

  • Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

    Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

    [19.7.2010]

    It is hard to describe today’s district heating production in St. Petersburg without feeling the wing-beats of history. The world’s first district heating pipeline was laid to the address Fontanka 96 in St. Petersburg in 1924.

    Mapping out the district heating network in St. Petersburg. Photo: Patrik Rastenberger

    Mapping out the district heating network in St. Petersburg. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    The 112-year-old plant could soon become a museum. Photo: Patrik Rastenberger

    The 112-year-old plant could soon become a museum. Photo: Patrik Rastenberger

    Wing-beats of history. Photo: Patrik Rastenberger

    Wing-beats of history. Photo: Patrik Rastenberger

    Measuring energy. Photo: Patrik Rastenberger

    Measuring energy. Photo: Patrik Rastenberger

    The new transfer pumping station will be constructed next to the 112-year-old plant. Photo: Patrik Rastenberger

    The new transfer pumping station will be constructed next to the 112-year-old plant. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

    Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

  • [24.6.2010]

    The Nordic Environment Finance Corporation announces that its NEFCO Carbon Fund (NeCF) has signed three long term Agreements to procure certified emission reductions from three small hydro power projects in northern Vietnam. The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM), and will generate predominantly post 2012 credits.

  • Construction of a water dam at Bac Ha in northern Vietnam. Photo: Tommi Tynjälä

    Construction of a water dam at Bac Ha in northern Vietnam. Photo: Tommi Tynjälä

    [24.6.2010]

    The NEFCO Carbon Fund (NeCF) has signed three long term Agreements to procure certified emission reductions from three small hydro power projects in northern Vietnam.

    The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM), and will generate predominantly post 2012 credits.

  • Solar energy. Exploiting the sun to combat climate change.

    Solar energy. Exploiting the sun to combat climate change.

    [15.6.2010]

    The Nordic Development Fund’s Board of Directors has approved financing of EUR 10 million for a new climate initiative named the ProClimate Facility (ProCF).

    The new facility will be implemented in partnership with NEFCO’s Carbon Finance and Funds team, which has extensive experience of purchasing emission reductions from climate projects across the world.

  • Folded clothes at a day-care centre in Northwestern Russia. Photo: Patrik Rastenberger

    Folded clothes at a day-care centre in Northwestern Russia. Photo: Patrik Rastenberger

     

    [3.6.2010]

    Eight schools and six day-care centres in Olenegorsk, which is situated in Northwestern Russia on the Kola Peninsula, will benefit from a comprehensive energy saving scheme financed from NEFCO’s Facility for Energy Saving Credits.

    The project will involve the installation of automated heating sub-centrals as well as balancing and thermostatic valves in 14 buildings, which are owned by the city’s education department.

  • General Director Hans Tardell at Scania's office in Moscow. Photo: Patrik Rastenberger

    General Director Hans Tardell at Scania's office in Moscow. Photo: Patrik Rastenberger

    [28.5.2010]

    During rush hours, Moscow’s streets are often converted into parking lots. One of our hosts told us how it took him two hours to cover the 10 kilometres from his office to home in congested traffic on a sunny, stifling afternoon last spring. What would Moscow be without its public transport system?

    Fuel efficient Scania bus at work. Photo: Patrik Rastenberger

    Fuel efficient Scania bus at work. Photo: Patrik Rastenberger

    The entrance at bus station Kievskaya in Moscow. Photo: Patrik Rastenberger

    The entrance at bus station Kievskaya in Moscow. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    One of Scania's Russian buses in operation. Photo: Patrik Rastenberger

    One of Scania's Russian buses in operation. Photo: Patrik Rastenberger

  • NeCF procures emission reductions from two small hydro power projects in Sichuan province, China.

    NeCF procures emission reductions from two small hydro power projects in Sichuan province, China.

    [19.5.2010]

    The NEFCO Carbon Fund (NeCF) has signed two agreements to procure emission reductions from two small hydro power projects in Sichuan province, China.

    The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM).

  • Murmansk hosts one of Russia's oil harbours. Photo: Patrik Rastenberger

    Murmansk hosts one of Russia's oil harbours. Photo: Patrik Rastenberger

    [30.4.2010]

    NEFCO and Neste Jacobs have reached an agreement to finance and implement projects to ensure the safe offloading of oil products at terminals in Russia, Ukraine and Belarus.

    Under the terms of the agreement, NEFCO will fund the operations while Neste Jacobs will provide the oil offloading technology and its engineering services.

  • Getting ready for the afternoon nap at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Getting ready for the afternoon nap at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    [14.4.2010]

    “The children have already gone up for their afternoon nap but if you make it snappy, you’ll have time to take a few photos,” says day-care centre Director Natalya Bykova as she hurries upstairs.

    Sleeping tight at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Sleeping tight at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Director Natalya Bykova heads day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Director Natalya Bykova heads day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk has over 330 pupils. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk has over 330 pupils. Photo: Patrik Rastenberger

    Learning ecology at school 1 in Novodvinsk. Photo: Patrik Rastenberger

    Learning ecology at school 1 in Novodvinsk. Photo: Patrik Rastenberger

    Upstairs. School number 1 has saved around 300,000 roubles per year in heating costs. Photo: Patrik Rastenberger

    Upstairs. School number 1 has saved around 300,000 roubles per year in heating costs. Photo: Patrik Rastenberger

    Director Svetlana Zadvornaya heads the local art school in Novodvinsk. Photo: Patrik Rastenberger

    Director Svetlana Zadvornaya heads the local art school in Novodvinsk. Photo: Patrik Rastenberger

    New heat exchangers at the art school in Novodvinsk. Photo: Patrik Rastenberger

    New heat exchangers at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Painter Pavel Leshukov has set up exhibitions at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Painter Pavel Leshukov has set up exhibitions at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Providing colours. The art school in Novodvinsk has facilities for art exhibitions. Photo: Patrik Rastenberger

    Providing colours. The art school in Novodvinsk has facilities for art exhibitions. Photo: Patrik Rastenberger

Support for Olenegorsk’s energy saving scheme

Intro-text for frontpage: 

Eight schools and six day-care centres in Olenegorsk, which is situated in Northwestern Russia on the Kola Peninsula, will benefit from a comprehensive energy saving scheme financed from NEFCO’s Facility for Energy Saving Credits.

The project will involve the installation of automated heating sub-centrals as well as balancing and thermostatic valves in 14 buildings, which are owned by the city’s education department.

Picture in intro-text: 

Folded clothes at a day-care centre in Northwestern Russia. Photo: Patrik Rastenberger

Folded clothes at a day-care centre in Northwestern Russia. Photo: Patrik Rastenberger

 

Body: 

Currently, heating for all these buildings, which are utilized by more than 8,000 children, teachers and day care personnel, comes from coal. The city of Olenegorsk will also partly finance the energy saving scheme. 
 
The energy saving measures will benefit the environment in many ways. Carbon dioxide emissions will decrease by some 1,990 tonnes per year, and annual emissions of sulphur dioxide and nitrogen oxides will be reduced by some 15 and 2 tonnes, respectively.

 The financial benefits derived from the project for the city are also quite substantial as Olenegorsk is expected to reduce its heating costs by an estimated RUR 2.7 million per year.

“This is our 46th municipal energy saving project in Russia, and there seems to be a buoyant demand for our energy saving loans in other parts of Russia, particularly within the Barents and Karelian regions”, says Elisabet Paulig-Tönnes, a Senior Manager at NEFCO.

Under the terms of the facility, NEFCO may finance up to 90 per cent, or a maximum sum of EUR 260,000 of the investment costs, in projects, which receive funds from this credit program.

Last year the Russian parliament approved a new law, which makes it mandatory for all municipalities to prepare detailed plans on how to promote energy efficiency within the municipal sector.
 
Learn more about NEFCO's Energy Saving Credits

Read about a similar energy saving project in Novodvinsk

Read the article above in Russian


  • The Southwest wastewater treatment plant in St. Petersburg was partially financed by NDEP.

    The Southwest wastewater treatment plant in St. Petersburg was partially financed by NDEP.

     

    [20.7.2010]

    NEFCO has assumed the chairmanship of the Northern Dimension Environmental Partnership (NDEP).

    Specifically NEFCO will manage the activities of the organization’s Steering Group, which is responsible for initiating and implementing environmental development projects in the Northern Dimension Area of Northwestern Russia.

  • Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

    Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

    [19.7.2010]

    It is hard to describe today’s district heating production in St. Petersburg without feeling the wing-beats of history. The world’s first district heating pipeline was laid to the address Fontanka 96 in St. Petersburg in 1924.

    Mapping out the district heating network in St. Petersburg. Photo: Patrik Rastenberger

    Mapping out the district heating network in St. Petersburg. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    The 112-year-old plant could soon become a museum. Photo: Patrik Rastenberger

    The 112-year-old plant could soon become a museum. Photo: Patrik Rastenberger

    Wing-beats of history. Photo: Patrik Rastenberger

    Wing-beats of history. Photo: Patrik Rastenberger

    Measuring energy. Photo: Patrik Rastenberger

    Measuring energy. Photo: Patrik Rastenberger

    The new transfer pumping station will be constructed next to the 112-year-old plant. Photo: Patrik Rastenberger

    The new transfer pumping station will be constructed next to the 112-year-old plant. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

    Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

  • [24.6.2010]

    The Nordic Environment Finance Corporation announces that its NEFCO Carbon Fund (NeCF) has signed three long term Agreements to procure certified emission reductions from three small hydro power projects in northern Vietnam. The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM), and will generate predominantly post 2012 credits.

  • Construction of a water dam at Bac Ha in northern Vietnam. Photo: Tommi Tynjälä

    Construction of a water dam at Bac Ha in northern Vietnam. Photo: Tommi Tynjälä

    [24.6.2010]

    The NEFCO Carbon Fund (NeCF) has signed three long term Agreements to procure certified emission reductions from three small hydro power projects in northern Vietnam.

    The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM), and will generate predominantly post 2012 credits.

  • Solar energy. Exploiting the sun to combat climate change.

    Solar energy. Exploiting the sun to combat climate change.

    [15.6.2010]

    The Nordic Development Fund’s Board of Directors has approved financing of EUR 10 million for a new climate initiative named the ProClimate Facility (ProCF).

    The new facility will be implemented in partnership with NEFCO’s Carbon Finance and Funds team, which has extensive experience of purchasing emission reductions from climate projects across the world.

  • "Our farm fulfils the EU environmental criteria", says Vice President Tatyana Sharygina. Photo: Patrik Rastenberger

    "Our farm fulfils the EU environmental criteria", says Vice President Tatyana Sharygina. Photo: Patrik Rastenberger

    [11.6.2010]

    The car drive from Pulkovo airport to Nurma some 55 kilometres east of St. Petersburg takes us through Ingermanland. The Finnish-sounding names of the villages and rivers testify to a Finno-Ugric past that continues to thrive in the region where JSC Rurik Agro, a Danish company, has chosen to set up its pig farm.

    Pig manure storage. The NEFCO-financed lagoons have a capacity of 60,000 cubic metres. Photo: Patrik Rastenberger

    Pig manure storage. The NEFCO-financed lagoons have a capacity of 60,000 cubic metres. Photo: Patrik Rastenberger

    The liquid manure is delivered to local farmers as fertilizer. Photo: Patrik Rastenberger

    The liquid manure is delivered to local farmers as fertilizer. Photo: Patrik Rastenberger

    Offloading liquid manure in Nurma. Photo: Patrik Rastenberger

    Offloading liquid manure in Nurma. Photo: Patrik Rastenberger

    The pig farm in Nurma is a former 'sovkhoz' - a collective farm established during the Soviet era. Photo: Patrik Rastenberger

    The pig farm in Nurma is a former 'sovkhoz' - a collective farm established during the Soviet era. Photo: Patrik Rastenberger

    "We're keen to expand operations elsewhere", says John Hybel, CEO at JSC Rurik Agro. Photo: Patrik Rastenberger

    "We're keen to expand operations elsewhere", says John Hybel, CEO at JSC Rurik Agro. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    The reconstruction of pigsties is expected to be ready in September. Photo: Patrik Rastenberger

    The reconstruction of pigsties is expected to be ready in September. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

  • General Director Hans Tardell at Scania's office in Moscow. Photo: Patrik Rastenberger

    General Director Hans Tardell at Scania's office in Moscow. Photo: Patrik Rastenberger

    [28.5.2010]

    During rush hours, Moscow’s streets are often converted into parking lots. One of our hosts told us how it took him two hours to cover the 10 kilometres from his office to home in congested traffic on a sunny, stifling afternoon last spring. What would Moscow be without its public transport system?

    Fuel efficient Scania bus at work. Photo: Patrik Rastenberger

    Fuel efficient Scania bus at work. Photo: Patrik Rastenberger

    The entrance at bus station Kievskaya in Moscow. Photo: Patrik Rastenberger

    The entrance at bus station Kievskaya in Moscow. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    One of Scania's Russian buses in operation. Photo: Patrik Rastenberger

    One of Scania's Russian buses in operation. Photo: Patrik Rastenberger

  • NeCF procures emission reductions from two small hydro power projects in Sichuan province, China.

    NeCF procures emission reductions from two small hydro power projects in Sichuan province, China.

    [19.5.2010]

    The NEFCO Carbon Fund (NeCF) has signed two agreements to procure emission reductions from two small hydro power projects in Sichuan province, China.

    The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM).

  • Murmansk hosts one of Russia's oil harbours. Photo: Patrik Rastenberger

    Murmansk hosts one of Russia's oil harbours. Photo: Patrik Rastenberger

    [30.4.2010]

    NEFCO and Neste Jacobs have reached an agreement to finance and implement projects to ensure the safe offloading of oil products at terminals in Russia, Ukraine and Belarus.

    Under the terms of the agreement, NEFCO will fund the operations while Neste Jacobs will provide the oil offloading technology and its engineering services.

  • Getting ready for the afternoon nap at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Getting ready for the afternoon nap at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    [14.4.2010]

    “The children have already gone up for their afternoon nap but if you make it snappy, you’ll have time to take a few photos,” says day-care centre Director Natalya Bykova as she hurries upstairs.

    Sleeping tight at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Sleeping tight at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Director Natalya Bykova heads day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Director Natalya Bykova heads day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk has over 330 pupils. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk has over 330 pupils. Photo: Patrik Rastenberger

    Learning ecology at school 1 in Novodvinsk. Photo: Patrik Rastenberger

    Learning ecology at school 1 in Novodvinsk. Photo: Patrik Rastenberger

    Upstairs. School number 1 has saved around 300,000 roubles per year in heating costs. Photo: Patrik Rastenberger

    Upstairs. School number 1 has saved around 300,000 roubles per year in heating costs. Photo: Patrik Rastenberger

    Director Svetlana Zadvornaya heads the local art school in Novodvinsk. Photo: Patrik Rastenberger

    Director Svetlana Zadvornaya heads the local art school in Novodvinsk. Photo: Patrik Rastenberger

    New heat exchangers at the art school in Novodvinsk. Photo: Patrik Rastenberger

    New heat exchangers at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Painter Pavel Leshukov has set up exhibitions at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Painter Pavel Leshukov has set up exhibitions at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Providing colours. The art school in Novodvinsk has facilities for art exhibitions. Photo: Patrik Rastenberger

    Providing colours. The art school in Novodvinsk has facilities for art exhibitions. Photo: Patrik Rastenberger

Scania upgrades bus services in Russia

Intro-text for frontpage: 

During rush hours, Moscow’s streets are often converted into parking lots. One of our hosts told us how it took him two hours to cover the 10 kilometres from his office to home in congested traffic on a sunny, stifling afternoon last spring. What would Moscow be without its public transport system?

Picture in intro-text: 

General Director Hans Tardell at Scania's office in Moscow. Photo: Patrik Rastenberger

General Director Hans Tardell at Scania's office in Moscow. Photo: Patrik Rastenberger

Body: 

The underground and buses offer a lifeline amid the jam-packed chaos of traffic in which around 14 million residents struggle to find the fastest way to work, home or school.

However, we had an easy time as we headed for Scania’s offices on Ulitsa Obrucheva. The impending Victory Day on Sunday 9 May offered an extended weekend, a signal for many of Moscow’s residents to flee to their dachas leaving, albeit briefly, less congestion in the underground and fewer traffic jams in their wake.

General Director Hans Tardell greets us in Scania’s offices adorned with light-coloured wood panelling and a Scandinavian-style interior. 

“A couple of years ago we signed an agreement with Autoline, Moscow’s biggest public transport operator, to replace the company’s minibuses with more environment-friendly buses supplied by Scania,” says Tardell.

The joint programme involved a total of 175 Scania buses that replaced around 875 petrol-driven minibuses. NEFCO financed the purchase of 27 Scania buses to reduce the emissions of sulphur oxides, carbon dioxide, carbon oxide and volatile organic compounds (VOCs). For example, carbon dioxide emissions decreased by around 2,000 tonnes per year in the part of the project funded by NEFCO.

Less than 10 per cent of the bus services in Moscow have been privatised, which limits Scania’s opportunities to expand its operations and take over more bus routes in the city. Additionally, bus companies have been hard-hit by the recession. For the past two years, Autoline has not bought any new buses.

“However, we see opportunities for new projects - in waste management, for example. So far we’ve delivered fuel-efficient garbage trucks to Sochi, St. Petersburg and Yekaterinburg. But if we are to promote the sorting and recycling of wastes, we’ll need support from municipal councils and external financiers,” maintains Tardell.

“We’re also looking into the possibilities of focusing on the sales of buses powered by natural gas. After all, there is huge potential for such projects here in Russia,” he adds.

Scania employs close to 500 people in Russia. A fair number of them work at the company’s St. Petersburg factory that has so far manufactured around 1,000 buses for the Russian market. In addition, the factory started manufacturing lorries this year. Production is carried out in accordance with the same environmental criteria as elsewhere in the world.

Thanks to local production, Scania is a well-known brand and its hard-working sales force has succeeded in securing a 23 per cent share of the market for western makes sold in Russia. But then, Scania has had a lot of time on its hands to achieve this position: the company’s first lorry delivery to Russia took place one hundred years ago. The lorry sold to St. Petersburg in 1910 was used to maintain the city's tram lines that are still in operation today.

Additional images in slideshow: 

Fuel efficient Scania bus at work. Photo: Patrik Rastenberger

Fuel efficient Scania bus at work. Photo: Patrik Rastenberger

The entrance at bus station Kievskaya in Moscow. Photo: Patrik Rastenberger

The entrance at bus station Kievskaya in Moscow. Photo: Patrik Rastenberger

Sitting on the bus at rush hours. Photo: Patrik Rastenberger

Sitting on the bus at rush hours. Photo: Patrik Rastenberger

The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

Sitting on the bus at rush hours. Photo: Patrik Rastenberger

Sitting on the bus at rush hours. Photo: Patrik Rastenberger

One of Scania's Russian buses in operation. Photo: Patrik Rastenberger

One of Scania's Russian buses in operation. Photo: Patrik Rastenberger


  • The Southwest wastewater treatment plant in St. Petersburg was partially financed by NDEP.

    The Southwest wastewater treatment plant in St. Petersburg was partially financed by NDEP.

     

    [20.7.2010]

    NEFCO has assumed the chairmanship of the Northern Dimension Environmental Partnership (NDEP).

    Specifically NEFCO will manage the activities of the organization’s Steering Group, which is responsible for initiating and implementing environmental development projects in the Northern Dimension Area of Northwestern Russia.

  • Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

    Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

    [19.7.2010]

    It is hard to describe today’s district heating production in St. Petersburg without feeling the wing-beats of history. The world’s first district heating pipeline was laid to the address Fontanka 96 in St. Petersburg in 1924.

    Mapping out the district heating network in St. Petersburg. Photo: Patrik Rastenberger

    Mapping out the district heating network in St. Petersburg. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    The 112-year-old plant could soon become a museum. Photo: Patrik Rastenberger

    The 112-year-old plant could soon become a museum. Photo: Patrik Rastenberger

    Wing-beats of history. Photo: Patrik Rastenberger

    Wing-beats of history. Photo: Patrik Rastenberger

    Measuring energy. Photo: Patrik Rastenberger

    Measuring energy. Photo: Patrik Rastenberger

    The new transfer pumping station will be constructed next to the 112-year-old plant. Photo: Patrik Rastenberger

    The new transfer pumping station will be constructed next to the 112-year-old plant. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

    Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

  • [24.6.2010]

    The Nordic Environment Finance Corporation announces that its NEFCO Carbon Fund (NeCF) has signed three long term Agreements to procure certified emission reductions from three small hydro power projects in northern Vietnam. The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM), and will generate predominantly post 2012 credits.

  • Construction of a water dam at Bac Ha in northern Vietnam. Photo: Tommi Tynjälä

    Construction of a water dam at Bac Ha in northern Vietnam. Photo: Tommi Tynjälä

    [24.6.2010]

    The NEFCO Carbon Fund (NeCF) has signed three long term Agreements to procure certified emission reductions from three small hydro power projects in northern Vietnam.

    The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM), and will generate predominantly post 2012 credits.

  • Solar energy. Exploiting the sun to combat climate change.

    Solar energy. Exploiting the sun to combat climate change.

    [15.6.2010]

    The Nordic Development Fund’s Board of Directors has approved financing of EUR 10 million for a new climate initiative named the ProClimate Facility (ProCF).

    The new facility will be implemented in partnership with NEFCO’s Carbon Finance and Funds team, which has extensive experience of purchasing emission reductions from climate projects across the world.

  • "Our farm fulfils the EU environmental criteria", says Vice President Tatyana Sharygina. Photo: Patrik Rastenberger

    "Our farm fulfils the EU environmental criteria", says Vice President Tatyana Sharygina. Photo: Patrik Rastenberger

    [11.6.2010]

    The car drive from Pulkovo airport to Nurma some 55 kilometres east of St. Petersburg takes us through Ingermanland. The Finnish-sounding names of the villages and rivers testify to a Finno-Ugric past that continues to thrive in the region where JSC Rurik Agro, a Danish company, has chosen to set up its pig farm.

    Pig manure storage. The NEFCO-financed lagoons have a capacity of 60,000 cubic metres. Photo: Patrik Rastenberger

    Pig manure storage. The NEFCO-financed lagoons have a capacity of 60,000 cubic metres. Photo: Patrik Rastenberger

    The liquid manure is delivered to local farmers as fertilizer. Photo: Patrik Rastenberger

    The liquid manure is delivered to local farmers as fertilizer. Photo: Patrik Rastenberger

    Offloading liquid manure in Nurma. Photo: Patrik Rastenberger

    Offloading liquid manure in Nurma. Photo: Patrik Rastenberger

    The pig farm in Nurma is a former 'sovkhoz' - a collective farm established during the Soviet era. Photo: Patrik Rastenberger

    The pig farm in Nurma is a former 'sovkhoz' - a collective farm established during the Soviet era. Photo: Patrik Rastenberger

    "We're keen to expand operations elsewhere", says John Hybel, CEO at JSC Rurik Agro. Photo: Patrik Rastenberger

    "We're keen to expand operations elsewhere", says John Hybel, CEO at JSC Rurik Agro. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    The reconstruction of pigsties is expected to be ready in September. Photo: Patrik Rastenberger

    The reconstruction of pigsties is expected to be ready in September. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

  • Folded clothes at a day-care centre in Northwestern Russia. Photo: Patrik Rastenberger

    Folded clothes at a day-care centre in Northwestern Russia. Photo: Patrik Rastenberger

     

    [3.6.2010]

    Eight schools and six day-care centres in Olenegorsk, which is situated in Northwestern Russia on the Kola Peninsula, will benefit from a comprehensive energy saving scheme financed from NEFCO’s Facility for Energy Saving Credits.

    The project will involve the installation of automated heating sub-centrals as well as balancing and thermostatic valves in 14 buildings, which are owned by the city’s education department.

  • NeCF procures emission reductions from two small hydro power projects in Sichuan province, China.

    NeCF procures emission reductions from two small hydro power projects in Sichuan province, China.

    [19.5.2010]

    The NEFCO Carbon Fund (NeCF) has signed two agreements to procure emission reductions from two small hydro power projects in Sichuan province, China.

    The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM).

  • Murmansk hosts one of Russia's oil harbours. Photo: Patrik Rastenberger

    Murmansk hosts one of Russia's oil harbours. Photo: Patrik Rastenberger

    [30.4.2010]

    NEFCO and Neste Jacobs have reached an agreement to finance and implement projects to ensure the safe offloading of oil products at terminals in Russia, Ukraine and Belarus.

    Under the terms of the agreement, NEFCO will fund the operations while Neste Jacobs will provide the oil offloading technology and its engineering services.

  • Getting ready for the afternoon nap at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Getting ready for the afternoon nap at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    [14.4.2010]

    “The children have already gone up for their afternoon nap but if you make it snappy, you’ll have time to take a few photos,” says day-care centre Director Natalya Bykova as she hurries upstairs.

    Sleeping tight at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Sleeping tight at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Director Natalya Bykova heads day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Director Natalya Bykova heads day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk has over 330 pupils. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk has over 330 pupils. Photo: Patrik Rastenberger

    Learning ecology at school 1 in Novodvinsk. Photo: Patrik Rastenberger

    Learning ecology at school 1 in Novodvinsk. Photo: Patrik Rastenberger

    Upstairs. School number 1 has saved around 300,000 roubles per year in heating costs. Photo: Patrik Rastenberger

    Upstairs. School number 1 has saved around 300,000 roubles per year in heating costs. Photo: Patrik Rastenberger

    Director Svetlana Zadvornaya heads the local art school in Novodvinsk. Photo: Patrik Rastenberger

    Director Svetlana Zadvornaya heads the local art school in Novodvinsk. Photo: Patrik Rastenberger

    New heat exchangers at the art school in Novodvinsk. Photo: Patrik Rastenberger

    New heat exchangers at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Painter Pavel Leshukov has set up exhibitions at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Painter Pavel Leshukov has set up exhibitions at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Providing colours. The art school in Novodvinsk has facilities for art exhibitions. Photo: Patrik Rastenberger

    Providing colours. The art school in Novodvinsk has facilities for art exhibitions. Photo: Patrik Rastenberger

NEFCO Carbon Fund supports small hydro projects in China

Intro-text for frontpage: 

The NEFCO Carbon Fund (NeCF) has signed two agreements to procure emission reductions from two small hydro power projects in Sichuan province, China.

The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM).

Picture in intro-text: 

NeCF procures emission reductions from two small hydro power projects in Sichuan province, China.

NeCF procures emission reductions from two small hydro power projects in Sichuan province, China.

Body: 

Kimmo Siira, Senior Representative of NEFCO’s Carbon Finance and Funds Unit, based in Singapore visited the sites in South-Western China earlier this year.

“The power stations will have an installed capacity of 20MW and 16MW. The two separate projects will displace power currently drawn from the Sichuan Provincial Power Grid, a sub-grid of the Central Power Grid which is currently dominated by fossil fuel sources” he stated.

The plants will generate 85 and 61 gigawatthours of clean energy, respectively per year leading to estimated combined annual emission reductions of approximately 226,000 tonnes of CO2 equivalents in the period up to end of 2012, and significantly greater savings over the project lifetimes. The combined capital investment is approximately EUR 25 million.

“We are pleased to support these renewable energy projects through the provision of carbon financing. In addition, the NeCF is currently evaluating a number of deals in the area of renewable energy in India (small scale wind power), three South East Asian countries (all small hydro, not exceeding 20 megawatts) and Mexico (large scale wind). All the projects have a significant post 2012 element, said Ash Sharma, Head of the Carbon Finance and Funds Unit at NEFCO.

The NEFCO Carbon Fund was launched in March 2008, and started operations in April 2008. To date the fund has 7 signed ERPA contracts, plus a further 9 projects at the Letter of Intent stage. Its first project, the Xiangshui 201MW wind power project in Jiangsu province China, was registered in March 2010.

The NeCF currently has access to financial resources of €100.6 million. The purpose of the facility is to procure high quality carbon credits for compliance purposes under the EU Emission Trading Scheme and the Kyoto Protocol.

Footnote: ERPA stands for Emission Reduction Purchase Agreement

Read the project profile document on the hydro project in Sichuan Chayuan

Read the project profile document on the hydro project in Sichuan Cangfang

Read the article above in Russian

Read the Carbon Finance and Funds Operational Review 2009

Learn more about carbon financing


  • The Southwest wastewater treatment plant in St. Petersburg was partially financed by NDEP.

    The Southwest wastewater treatment plant in St. Petersburg was partially financed by NDEP.

     

    [20.7.2010]

    NEFCO has assumed the chairmanship of the Northern Dimension Environmental Partnership (NDEP).

    Specifically NEFCO will manage the activities of the organization’s Steering Group, which is responsible for initiating and implementing environmental development projects in the Northern Dimension Area of Northwestern Russia.

  • Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

    Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

    [19.7.2010]

    It is hard to describe today’s district heating production in St. Petersburg without feeling the wing-beats of history. The world’s first district heating pipeline was laid to the address Fontanka 96 in St. Petersburg in 1924.

    Mapping out the district heating network in St. Petersburg. Photo: Patrik Rastenberger

    Mapping out the district heating network in St. Petersburg. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    The 112-year-old plant could soon become a museum. Photo: Patrik Rastenberger

    The 112-year-old plant could soon become a museum. Photo: Patrik Rastenberger

    Wing-beats of history. Photo: Patrik Rastenberger

    Wing-beats of history. Photo: Patrik Rastenberger

    Measuring energy. Photo: Patrik Rastenberger

    Measuring energy. Photo: Patrik Rastenberger

    The new transfer pumping station will be constructed next to the 112-year-old plant. Photo: Patrik Rastenberger

    The new transfer pumping station will be constructed next to the 112-year-old plant. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

    Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

  • [24.6.2010]

    The Nordic Environment Finance Corporation announces that its NEFCO Carbon Fund (NeCF) has signed three long term Agreements to procure certified emission reductions from three small hydro power projects in northern Vietnam. The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM), and will generate predominantly post 2012 credits.

  • Construction of a water dam at Bac Ha in northern Vietnam. Photo: Tommi Tynjälä

    Construction of a water dam at Bac Ha in northern Vietnam. Photo: Tommi Tynjälä

    [24.6.2010]

    The NEFCO Carbon Fund (NeCF) has signed three long term Agreements to procure certified emission reductions from three small hydro power projects in northern Vietnam.

    The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM), and will generate predominantly post 2012 credits.

  • Solar energy. Exploiting the sun to combat climate change.

    Solar energy. Exploiting the sun to combat climate change.

    [15.6.2010]

    The Nordic Development Fund’s Board of Directors has approved financing of EUR 10 million for a new climate initiative named the ProClimate Facility (ProCF).

    The new facility will be implemented in partnership with NEFCO’s Carbon Finance and Funds team, which has extensive experience of purchasing emission reductions from climate projects across the world.

  • "Our farm fulfils the EU environmental criteria", says Vice President Tatyana Sharygina. Photo: Patrik Rastenberger

    "Our farm fulfils the EU environmental criteria", says Vice President Tatyana Sharygina. Photo: Patrik Rastenberger

    [11.6.2010]

    The car drive from Pulkovo airport to Nurma some 55 kilometres east of St. Petersburg takes us through Ingermanland. The Finnish-sounding names of the villages and rivers testify to a Finno-Ugric past that continues to thrive in the region where JSC Rurik Agro, a Danish company, has chosen to set up its pig farm.

    Pig manure storage. The NEFCO-financed lagoons have a capacity of 60,000 cubic metres. Photo: Patrik Rastenberger

    Pig manure storage. The NEFCO-financed lagoons have a capacity of 60,000 cubic metres. Photo: Patrik Rastenberger

    The liquid manure is delivered to local farmers as fertilizer. Photo: Patrik Rastenberger

    The liquid manure is delivered to local farmers as fertilizer. Photo: Patrik Rastenberger

    Offloading liquid manure in Nurma. Photo: Patrik Rastenberger

    Offloading liquid manure in Nurma. Photo: Patrik Rastenberger

    The pig farm in Nurma is a former 'sovkhoz' - a collective farm established during the Soviet era. Photo: Patrik Rastenberger

    The pig farm in Nurma is a former 'sovkhoz' - a collective farm established during the Soviet era. Photo: Patrik Rastenberger

    "We're keen to expand operations elsewhere", says John Hybel, CEO at JSC Rurik Agro. Photo: Patrik Rastenberger

    "We're keen to expand operations elsewhere", says John Hybel, CEO at JSC Rurik Agro. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    The reconstruction of pigsties is expected to be ready in September. Photo: Patrik Rastenberger

    The reconstruction of pigsties is expected to be ready in September. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

  • Folded clothes at a day-care centre in Northwestern Russia. Photo: Patrik Rastenberger

    Folded clothes at a day-care centre in Northwestern Russia. Photo: Patrik Rastenberger

     

    [3.6.2010]

    Eight schools and six day-care centres in Olenegorsk, which is situated in Northwestern Russia on the Kola Peninsula, will benefit from a comprehensive energy saving scheme financed from NEFCO’s Facility for Energy Saving Credits.

    The project will involve the installation of automated heating sub-centrals as well as balancing and thermostatic valves in 14 buildings, which are owned by the city’s education department.

  • General Director Hans Tardell at Scania's office in Moscow. Photo: Patrik Rastenberger

    General Director Hans Tardell at Scania's office in Moscow. Photo: Patrik Rastenberger

    [28.5.2010]

    During rush hours, Moscow’s streets are often converted into parking lots. One of our hosts told us how it took him two hours to cover the 10 kilometres from his office to home in congested traffic on a sunny, stifling afternoon last spring. What would Moscow be without its public transport system?

    Fuel efficient Scania bus at work. Photo: Patrik Rastenberger

    Fuel efficient Scania bus at work. Photo: Patrik Rastenberger

    The entrance at bus station Kievskaya in Moscow. Photo: Patrik Rastenberger

    The entrance at bus station Kievskaya in Moscow. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    One of Scania's Russian buses in operation. Photo: Patrik Rastenberger

    One of Scania's Russian buses in operation. Photo: Patrik Rastenberger

  • Murmansk hosts one of Russia's oil harbours. Photo: Patrik Rastenberger

    Murmansk hosts one of Russia's oil harbours. Photo: Patrik Rastenberger

    [30.4.2010]

    NEFCO and Neste Jacobs have reached an agreement to finance and implement projects to ensure the safe offloading of oil products at terminals in Russia, Ukraine and Belarus.

    Under the terms of the agreement, NEFCO will fund the operations while Neste Jacobs will provide the oil offloading technology and its engineering services.

  • Getting ready for the afternoon nap at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Getting ready for the afternoon nap at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    [14.4.2010]

    “The children have already gone up for their afternoon nap but if you make it snappy, you’ll have time to take a few photos,” says day-care centre Director Natalya Bykova as she hurries upstairs.

    Sleeping tight at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Sleeping tight at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Director Natalya Bykova heads day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Director Natalya Bykova heads day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk has over 330 pupils. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk has over 330 pupils. Photo: Patrik Rastenberger

    Learning ecology at school 1 in Novodvinsk. Photo: Patrik Rastenberger

    Learning ecology at school 1 in Novodvinsk. Photo: Patrik Rastenberger

    Upstairs. School number 1 has saved around 300,000 roubles per year in heating costs. Photo: Patrik Rastenberger

    Upstairs. School number 1 has saved around 300,000 roubles per year in heating costs. Photo: Patrik Rastenberger

    Director Svetlana Zadvornaya heads the local art school in Novodvinsk. Photo: Patrik Rastenberger

    Director Svetlana Zadvornaya heads the local art school in Novodvinsk. Photo: Patrik Rastenberger

    New heat exchangers at the art school in Novodvinsk. Photo: Patrik Rastenberger

    New heat exchangers at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Painter Pavel Leshukov has set up exhibitions at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Painter Pavel Leshukov has set up exhibitions at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Providing colours. The art school in Novodvinsk has facilities for art exhibitions. Photo: Patrik Rastenberger

    Providing colours. The art school in Novodvinsk has facilities for art exhibitions. Photo: Patrik Rastenberger

NEFCO and Neste Jacobs to cooperate on oil offloading ventures

Intro-text for frontpage: 

NEFCO and Neste Jacobs have reached an agreement to finance and implement projects to ensure the safe offloading of oil products at terminals in Russia, Ukraine and Belarus.

Under the terms of the agreement, NEFCO will fund the operations while Neste Jacobs will provide the oil offloading technology and its engineering services.

Picture in intro-text: 

Murmansk hosts one of Russia's oil harbours. Photo: Patrik Rastenberger

Murmansk hosts one of Russia's oil harbours. Photo: Patrik Rastenberger

Body: 

Neste Jacobs, which is the leading provider of engineering services for oil, chemical and biotechnology companies in the Nordic region, has considerable experience in supplying oil offloading equipment and its ECOARM technology is highly regarded in the industry. The system, among other things, effectively prevents leakages and discharges of oil products into the environment during the offloading process from railway containers.

ECOARM products, which include pumping heads, jet pipes, heat exchanger units and hydraulic units are partly manufactured and assembled in Finland by PMC Polarteknik.

NEFCO has previously financed a wide range of projects to reduce discharges of hazardous chemicals and oil products into the environment in Eastern Europe. The corporation has also financed delivery of oil spill response equipment to ecologically vulnerable areas in Russia.
Through its Barents Hot Spots Facility, NEFCO has financed feasibility studies to rehabilitate soil at contaminated oil terminals.

Learn more about Neste Jacobs

Learn more about PMC Polarteknik

Read more about the Barents Hot Spots Facility


  • The Southwest wastewater treatment plant in St. Petersburg was partially financed by NDEP.

    The Southwest wastewater treatment plant in St. Petersburg was partially financed by NDEP.

     

    [20.7.2010]

    NEFCO has assumed the chairmanship of the Northern Dimension Environmental Partnership (NDEP).

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  • Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

    Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

    [19.7.2010]

    It is hard to describe today’s district heating production in St. Petersburg without feeling the wing-beats of history. The world’s first district heating pipeline was laid to the address Fontanka 96 in St. Petersburg in 1924.

    Mapping out the district heating network in St. Petersburg. Photo: Patrik Rastenberger

    Mapping out the district heating network in St. Petersburg. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

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    The 112-year-old plant could soon become a museum. Photo: Patrik Rastenberger

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    Wing-beats of history. Photo: Patrik Rastenberger

    Measuring energy. Photo: Patrik Rastenberger

    Measuring energy. Photo: Patrik Rastenberger

    The new transfer pumping station will be constructed next to the 112-year-old plant. Photo: Patrik Rastenberger

    The new transfer pumping station will be constructed next to the 112-year-old plant. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    The Fontanka Canal in St. Petersburg. Photo: Patrik Rastenberger

    Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

    Director Evgeny Hatchaturov at Tieploseti St Peterburga. Photo: Patrik Rastenberger

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    The Nordic Environment Finance Corporation announces that its NEFCO Carbon Fund (NeCF) has signed three long term Agreements to procure certified emission reductions from three small hydro power projects in northern Vietnam. The renewable energy projects will be implemented under the Kyoto Protocol's Clean Development Mechanism (CDM), and will generate predominantly post 2012 credits.

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    Construction of a water dam at Bac Ha in northern Vietnam. Photo: Tommi Tynjälä

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    The NEFCO Carbon Fund (NeCF) has signed three long term Agreements to procure certified emission reductions from three small hydro power projects in northern Vietnam.

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  • "Our farm fulfils the EU environmental criteria", says Vice President Tatyana Sharygina. Photo: Patrik Rastenberger

    "Our farm fulfils the EU environmental criteria", says Vice President Tatyana Sharygina. Photo: Patrik Rastenberger

    [11.6.2010]

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    Pig manure storage. The NEFCO-financed lagoons have a capacity of 60,000 cubic metres. Photo: Patrik Rastenberger

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    The liquid manure is delivered to local farmers as fertilizer. Photo: Patrik Rastenberger

    Offloading liquid manure in Nurma. Photo: Patrik Rastenberger

    Offloading liquid manure in Nurma. Photo: Patrik Rastenberger

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    The pig farm in Nurma is a former 'sovkhoz' - a collective farm established during the Soviet era. Photo: Patrik Rastenberger

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    "We're keen to expand operations elsewhere", says John Hybel, CEO at JSC Rurik Agro. Photo: Patrik Rastenberger

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    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

    Upgrading pigsties requires huge amounts of cement. Photo: Patrik Rastenberger

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    The reconstruction of pigsties is expected to be ready in September. Photo: Patrik Rastenberger

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    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

    The pig farm in Nurma employs 336 people. Photo: Patrik Rastenberger

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    Folded clothes at a day-care centre in Northwestern Russia. Photo: Patrik Rastenberger

     

    [3.6.2010]

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    General Director Hans Tardell at Scania's office in Moscow. Photo: Patrik Rastenberger

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    Fuel efficient Scania bus at work. Photo: Patrik Rastenberger

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    The entrance at bus station Kievskaya in Moscow. Photo: Patrik Rastenberger

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    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

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    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

    The Moscow metro transports millions of passengers each day. Photo: Patrik Rastenberger

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    Sitting on the bus at rush hours. Photo: Patrik Rastenberger

    One of Scania's Russian buses in operation. Photo: Patrik Rastenberger

    One of Scania's Russian buses in operation. Photo: Patrik Rastenberger

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    NeCF procures emission reductions from two small hydro power projects in Sichuan province, China.

    [19.5.2010]

    The NEFCO Carbon Fund (NeCF) has signed two agreements to procure emission reductions from two small hydro power projects in Sichuan province, China.

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  • Getting ready for the afternoon nap at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Getting ready for the afternoon nap at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    [14.4.2010]

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    Sleeping tight at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Sleeping tight at day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Director Natalya Bykova heads day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    Director Natalya Bykova heads day-care centre 15 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk. Photo: Patrik Rastenberger

    School number 1 in Novodvinsk. Photo: Patrik Rastenberger

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    School number 1 in Novodvinsk has over 330 pupils. Photo: Patrik Rastenberger

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    Learning ecology at school 1 in Novodvinsk. Photo: Patrik Rastenberger

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    Upstairs. School number 1 has saved around 300,000 roubles per year in heating costs. Photo: Patrik Rastenberger

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    Director Svetlana Zadvornaya heads the local art school in Novodvinsk. Photo: Patrik Rastenberger

    New heat exchangers at the art school in Novodvinsk. Photo: Patrik Rastenberger

    New heat exchangers at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Painter Pavel Leshukov has set up exhibitions at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Painter Pavel Leshukov has set up exhibitions at the art school in Novodvinsk. Photo: Patrik Rastenberger

    Providing colours. The art school in Novodvinsk has facilities for art exhibitions. Photo: Patrik Rastenberger

    Providing colours. The art school in Novodvinsk has facilities for art exhibitions. Photo: Patrik Rastenberger

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