This loan to the Bank of Finland finances two power plants (one hydro and one thermal) and five woodworking projects.
Two electric power industry projects and five woodworking industry projects form the basis for this loan to the Bank of Finland. The power projects, Petajaskoski Hydroelectric Plant and the Vaasa Thermal Power Plant, will provide additional capacity. The five woodworking projects will procure equipment for plant expansion and the replacement or modernization of existing facilities. The projects will strengthen the international competitive position of this portion of the Finnish woodworking industry by reducing production costs and diversifying output.
The profile contains project and financial information and lists of project documents and archival records.
The $12 million loan will be used to help carry forward projects for the expansion and modernization of the wood products industries and the electric power sector(1581941).
The report provides information on the visit to Finland on September 4-12, 1957 to review the status of the woodworking and power projects financed by the five Bank loans to Finland. (1581942).
Construction of the black liquor recovery unit at the Bjorneborg Papperstuck in Finland (1721465; Credit: The World Bank).
The Petajaskoski hydroelectric power station on the Kemijoki River has a separate timber channel, bypassing the dam and transformers. Shown here is the regulation dam at Petajaskoski (1721465; Credit: The World Bank).
The new Vaskiluoto steam power plant in Vaasa, Finland under construction with the aid of World Bank funds (1721465; Credit: The World Bank).
The report appraises the two electric power industry projects and five woodworking industry projects, as well as offers updates on earlier Finnish projects.