Saturday, September 26, 2020

Norway may have over-reported aid by NOK 1 billion

Norwegian MPs criticise the government for counting almost NOK 1 billion in acquisitions made by the hydropower company SN Power as aid to the OECD. SN Power, a 50 per cent aid-financed, government-owned company, used the money toward buying up existing power plants in the Philippines and Peru.

Opposition MPs say it is doubtful whether this capital injection can be reported as aid, and Norway should, in any case, not bend OECD rules.

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