This fourth World Bank loan for Norway will assist in the construction of the Tunnsjo and Tunnsjodal hydroelectric power plants and additional transmission lines.
Due to various economic factors, including a depression in shipping, the Norwegian government’s investment plans are prioritizing electric power and power-using industries that are highly capital-intensive. The Electric Power Project will help to finance the construction of the Tunnsjo and Tunnsjodal hydroelectric power plants in the mountains of central Norway, with a combined capacity of 168,000 kilowatts. Half the power from the plants will supply the region and the remainder will be exported to Sweden. The loan will also assist in the construction of 350 miles of transmission lines to reinforce and interconnect the power grids in central and southern Norway.
The profile contains project and financial information and lists of project documents and archival records.
The memo contains information on a meeting with a Norwegian delegation to discuss Norway's proposal to borrow from the Bank for a hydro-electric project (1705811).
The World Bank $20 million loan to Norway equivalent to $20 million will finance the construction of two power plants having a combined capacity of 168,000 kilowatts (1705813).
Mr. W. A. B. Iliff (right), Vice President of the World Bank, signs loan documents with Norwegian delegates (1726696; Credit: The World Bank).
The report describes and appraises the project.
On pages 14-16 of the transcript, King provides background to the hydroelectric power plant loan for Norway.