New contract from Svenska kraftnät
AF Gruppen's subsidiary Kanonaden Entreprenad has been commissioned to carry out the construction and installation work for a new series compensation station in Isovaara for Svenska kraftnät. The assignment is being carried out in a consortium with Hitachi Energy where Kanonaden's share of the contract is worth approximately SEK 123 million, excluding VAT.
The new series compensation station in Isovaara will enable improved transmission capacity for electricity from the new power line between Sweden and Finland, the Aurora Line. Series compensation provides increased power supply, lower risk of downtime and less environmental impact.
The contract is a turnkey contract and Kanonaden's part of the work includes construction work and assembly and installation work. Kanonaden also signed a contract with Svenska kraftnät in December 2022 for the construction and installation of two STATCOM plants in the Stockholm area.
"This project is fully in line with our Swedish construction company's strategy to focus on energy and power-related projects. We’re looking forward to a good partnership with Hitachi Energy and Svenska kraftnät," says Bård Frydenlund, EVP of AF Gruppen.
Contacts
Bård Frydenlund
Tel:+47 918 68 621Bard.Frydenlund@afgruppen.noPeter EkGeneral ManagerKanonaden Entreprenad Mälardalen
Tel:+46 705 77 61 77Images
AF Gruppen
AF Gruppen is a leading contracting and industrial group that was formed by an entrepreneurial spirit and execution capabilities. The group has 6,000 employees and revenue reached NOK 31 billion in 2022. AF Gruppen is listed on Oslo Stock Exchange (AFG).
We provide a broad range of services with seven operational business areas: Civil Engineering, Building, Betonmast, Property, Energy and Environment, Sweden and Offshore.
Subscribe to releases from AF Gruppen ASA
Subscribe to all the latest releases from AF Gruppen ASA by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from AF Gruppen ASA
Purchasing Ullevålsveien 11420.11.2023 08:17:13 CET | Press release
AF Gruppen and USBL have jointly entered into an agreement to purchase the plot Ullevålsveien 114 in the City of Oslo. The seller is Fortuna Estate AS, and the site will be owned 50% by AF Gruppen and 50% by USBL.
Strong safety performance and high order backlog in the third quarter10.11.2023 07:00:00 CET | Press release
AF Gruppen (AFG) recorded third quarter revenues of NOK 6,907 million. Profit before tax was NOK 103 million in the quarter. The order backlog was NOK 41,864 million at the end of the quarter, an increase of 5.4 % from the same quarter in 2022.
New wind power assignment in Sweden27.10.2023 09:05:06 CEST | Press release
Kanonaden Entreprenad, a subsidiary of AF Gruppen, has been commissioned to build a wind farm in the municipality of Tidaholm. The client is Vattenfall and the contract is worth SEK 122 million, excluding VAT.
Another contract to develop the Swedish power grid27.10.2023 08:33:00 CEST | Press release
Kanonaden Entreprenad, a subsidiary of AF Gruppen, will build and expand the switchgear at Odensala station in Sigtuna municipality between Stockholm and Uppsala. The contract is valued at approximately SEK 162 million, excluding VAT.
Building 63 apartments in Västerås25.10.2023 09:34:53 CEST | Press release
HMB, a subsidiary of AF Gruppen, has been commissioned to build 63 new apartments in Västerås for Riksbyggen. The contract is valued at approximately SEK 127 million, excl. VAT.
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom