Caverion delivers a new substation for Pori Energia in Pori, Finland

Caverion Corporation    Investor News     March 20, 2015 at 11:00 EET

Caverion delivers a new substation for Pori Energia in Pori, Finland

Caverion has signed a contract with Pori Energia Sähköverkot Oy on the delivery of a new 110/20 kV substation to the neighbourhood of Kaanaa in the city of Pori in Finland. The contract includes project management and execution: lead design of the substation, excavation and construction work, equipment deliveries, power line arrangements, cabling, testing, implementation and demolition work of the old substation. Caverion is the main contractor. The value of the contract is not disclosed.

The design work for the substation will begin in March 2015 and the new substation will be completed in the autumn 2016. Caverion will deliver all the electricity and industrial installations of the project. The new Kaanaa substation will replace the old existing substation. The rebuilding of the substation is connected to the grid renovation project, and the new substation will amplify electricity distribution of the nearby area and improve operational reliability of electricity distribution.

“Renewal of the Kaanaa substation is the largest individual investment of Pori Energia Sähköverkot for this year. When completed, it will improve the operational reliability of the grid in the entire Meri-Pori area for its part. The renovated substation meets the developing needs of living and industry also in decades to come,” says Pekka Ohrakämmen, Managing Director of Pori Energia Sähköverkot.

“I am very satisfied with our new contract with Pori Energia Sähköverkot. The signed contract is an important opening for us in the delivery of 110/20 kV substations in the Satakunta region, and it thus strengthens Caverion’s service offering in the area,” says Mikko Luoma, Director in charge of electrical automation services at Caverion Industrial Solutions -division.

Pori Energia Sähköverkot Oy belongs to Caverion’s Industry client segment.

Further information:

Caverion Industrial Solutions, Sanna-Mari Laitinen, Communications Manager, tel. +358 50 390 4443, sanna-mari.laitinen@caverion.fi

Pori Energia Sähköverkot Oy, Pekka Ohrankämmen, Managing Director , tel . +358 44 701 2252, pekka.ohrankammen@porienergia.fi

Caverion designs, builds, operates and maintains user-friendly and energy-efficient technical solutions for buildings and industries. Our services are used in offices, retail properties, housing, public premises, industrial plants and infrastructure, among other places. We aim to be a leading European provider of advanced and sustainable life cycle solutions. Our strengths include technological competence and comprehensive services, covering all technical disciplines throughout the life cycle of the property and industrial plant. Our revenue for 2014 amounted to approximately EUR 2.4 billion. Caverion has about 17,000 employees in 12 countries in Northern, Central and Eastern Europe. Caverion’s shares are listed on Nasdaq Helsinki. www.caverion.com

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