AF Gruppen ASA

Rehabilitation of the Bjølsegrøvatn Dam

2.2.2026 10:36:55 CET | AF Gruppen ASA | Press release

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Statkraft Energi has announced its intention to enter into a contract with AF Gruppen for the rehabilitation of the Bjølsegrøvatn dam. The agreement is an execution contract and has an estimated value of NOK 400 million excluding VAT.

Bjølsegrøvatn is part of the Bjølvo regulated watercourse and is located in the municipality of Kvam in Vestland county.
Bjølsegrøvatn is part of the Bjølvo regulated watercourse and is located in the municipality of Kvam in Vestland county. Hawkeye

The award is subject to final investment approval by Statkraft.

Bjølsegrøvatn is part of the Bjølvo regulated watercourse and is located in the municipality of Kvam in Vestland county. The scope of work includes replacing the existing main dam and auxiliary dam at the Bjølsegrøvatn reservoir with a new concrete dam on the downstream side. The project also includes construction of an access road and a tunnel to the dam site.

Construction is scheduled to commence in spring 2026, with planned completion in 2029.

“AF Gruppen has extensive experience in hydropower development, and the project is well suited to our capacity and expertise in concrete and tunnelling works. We are pleased to receive renewed trust from Statkraft and look forward to the continued cooperation,” says Geir Flåta, EVP at AF Gruppen.

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Bjølsegrøvatn is part of the Bjølvo regulated watercourse and is located in the municipality of Kvam in Vestland county.
Bjølsegrøvatn is part of the Bjølvo regulated watercourse and is located in the municipality of Kvam in Vestland county.
Hawkeye
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Bjølsegrøvatn is part of the Bjølvo regulated watercourse and is located in the municipality of Kvam in Vestland county.
Bjølsegrøvatn is part of the Bjølvo regulated watercourse and is located in the municipality of Kvam in Vestland county.
AF Gruppen
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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 30,6 billion in 2024. 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.

www.afgruppen.com

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