Tallinna Vesi and Nordic Investment Bank finalize loan agreement
Loan Agreement: Tallinna Vesi has secured a €25 million loan from the Nordic Investment Bank to support its €60 million investment plan for 2025-2026, aimed at enhancing water service quality and sustainability.
Investment Focus: The funds will be used to modernize Tallinn's wastewater infrastructure, including the reconstruction of 18 kilometers of the wastewater network and upgrades to the treatment plant for improved energy efficiency.
Environmental Commitment: The investment aligns with the company's strategy to reduce its environmental footprint, a commitment recognized by the Estonian Green Company of the Year award.
Company Overview: AS Tallinna Vesi is Estonia's largest water utility, serving approximately 500,000 consumers, with major shareholders including the City of Tallinn and the energy group Utilitas.
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