19/06/2014 (Agence Europe) - EIB supports building of combined heat and power plant in Stockholm. On 19 June, the European Investment Bank (EIB) announced that it is providing a €260 million loan to the energy company Fortum Värme for the design, construction and operation of a new biomass combined heat and power (CHP) plant. This plant will have a production capacity of 280 MW heat and 130 MW electricity and will be located in Stockholm, where it will deliver heat to the existing district heating system in Sweden's capital and electricity to the public grid. The EIB is financing also the necessary biomass handling facilities and the upgrading of port facilities related to the plant. Construction of the new plant should be completed by 2016. The project is expected to create 35 new permanent posts for the operation and maintenance of the CHP plants, including on-site biomass treatment. (EH)