Tallinna Vesi signed a \u20ac25 million loan agreement with the Nordic Investment Bank (NIB) to finance investments in 2025\u20132026.<\/p>\n
Tallinna Vesi’s investments will total \u20ac60 million in both 2025 and 2026, in line with the company’s strategy and the objectives set out in the Tallinn Public Water Supply and Sewerage Development Plan. These investments are intended to reduce the environmental footprint and increase cost efficiency.<\/p>\n
\u201cThis agreement will help us implement our investment plan and ensure the high quality and sustainability of our water services while maintaining a clean natural environment. These investments will support us on our environmental journey which was recently recognised when we received the Estonian Green Company of the Year award,\u201d said Taavi Gr\u00f6\u00f6n, CFO of Tallinna Vesi.<\/p>\n
The loan from the Nordic Investment Bank will be used to modernise Tallinn’s wastewater infrastructure.<\/p>\n
The investment programme will focus on renovating assets to improve service continuity and efficiency. The loan will fund the reconstruction of up to 18 kilometres of wastewater network, reducing breakdowns and protecting the environment. The investment programme also includes upgrades to the wastewater treatment plant, focusing strongly on energy efficiency through renovating the air blower system and biological treatment process.<\/p>\n
The loan agreement is for a period of 15 years and is part of a financing structure that was signed in 2023.<\/p>\n