Nopef to fund new feasibility studies

The Nopef funded projects in 2016 will invest more than EUR 59 million in the project countries.

Nopef’s credit committee has approved financing totalling EUR 232,000 for seven new projects. If long-term operations are set-up in the project countries, total investments will exceed EUR 4,1 million. The feasibility studies concern investments in projects to be carried out in China, Vietnam, Myanmar, Ukraine and the US.

Nopef finances feasibility studies within green growth for projects and investments that, for example, contribute to energy efficiency, reduced use of resources and the development of sustainable energy and innovations. These new projects represent a wide range of sectors including water purification, flood protection systems, IT applications for consumer logistics, wireless transfer of electricity and data to subsea installations, as well as the development of energy efficiency projects.

Forty-three projects with a total value of approx. EUR 1.4 million have so far been granted funding this year. The aim of these new feasibility studies, which are to be carried out on all continents, is to evaluate the feasibility of long-term investment in a new project country and to establish a local presence through, for example, a joint venture or subsidiary. The funded companies are expected to create total investments of EUR 59,9 million.

The Nordic Project Fund (Nopef) was established by the Nordic countries in 1982 and is today administered by NEFCO and financed by the Nordic Council of Ministers. To date, Nopef has provided over EUR 100 million in funding distributed over 2,800 projects.

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