Norway. Eidsiva Energi AS
| Date of agreement: | 27 Jan 2025 |
|---|---|
| Country: | Norway |
| Customer: | Eidsiva Energi AS |
| Amount in NOK: | NOK 500 million |
| Amount in EUR: | EUR 42.5 million |
| Maturity: | 10 years |
| NACE sector / loan type: | Post and telecommunications |
Project
The loan will finance part of Eidsiva Energi’s investments to expand their optical fibre broadband network in Innlandet County and other municipalities during 2025-2029.
The project is an extension of the company’s previous fibre investment program scheduled for 2012 – 2025, which also was co-financed by NIB in 2021.
The aim to increase access to fast optical fibre broadband supports Norway’s national digital strategy.
Eidsiva Energi AS is Norway’s largest electrical grid company and has been a valued customer of the Bank since 2007. The company is owned by Hafslund AS (50%), Innlandet Energi Holding AS (49.4%), and Åmot municipality (0.6%). Based in Hamar, Eidsiva Energi AS employs around 1,200 people. The company’s main business areas include power distribution, broadband services, and district heating.
Fulfilment of NIB's mandate
The new digital infrastructure is expected to expand coverage, connectivity, speeds, and reliability in line with the national Norwegian strategy for widespread broadband access, aiming to provide all households with access opportunities by 2025.
Sustainability summary
No significant sustainability issues identified.
