The Arctic Council Project Support Instrument (PSI) has approved two major projects aimed at reducing the release of short-lived climate pollutants from the oil and gas, and fisheries sectors.
NEFCO and the Russian LLC Novgorod Timber Company Sodruzhestvo have signed a loan agreement aimed at modernising wood processing production in Nebolichi in the Novgorod region in Russia. Sodruzhestvo will replace an existing sawing line with a new one that will increase production, improve the efficiency of wood processing and boost the company’s revenues.
The new Nordic-Russian programme for implementing environment and climate projects in North-West Russia has launched its first call for proposals.
NEFCO and the Belarusky Narodny Bank (BNB-bank) have today signed a loan agreement for the development of an electric vehicles facility. NEFCO will provide up to EUR 2.5 million to BNB-bank under the joint financing facility for a period of up to 5 years.
The Finnish John Nurminen Foundation will join forces with NEFCO to co-finance a biogas plant in Lviv, Ukraine. NEFCO has backed up the project since July 2016 when the corporation signed a loan agreement with the local waterworks Lviv Vodokanal for the construction of a biogas unit for sludge digestion.
NEFCO and the Danish company Rus Agro Team A/S have signed a loan agreement aimed at introducing a range of investments that will result in environmental benefits at the company’s farm in the Kaliningrad Region in Russia.