Infratek awarded contract in Finland
12/17/2012 3:22 AM EST
Infratek, with the business area Central Infrastructure, has been awarded a contract with Finnish national power grid company Fingrid, for the extension of three 110 kV substations.
The substations are located in the surroundings of Oulu city.
The value of the contract is about EUR 2 million and work will start immediately. The substations will be completed at the end of 2013. The turn-key delivery includes construction of new 110 kV switchyards, protection and auxiliary systems.
According to regulations the other tenders have the right to lodge complaints for three weeks. The contract cannot be signed prior to the expiration of this period and prior to the evaluation of any complaints.
Infratek ASA
Oslo, 17 December 2012
For further information, please contact:
Vibecke Skjolde, CFO:
47 916 62 110,
Alf Engqvist, Group Executive Vice President Central Infrastructure:
46 70 538 54 05,
About Infratek ASA:
Infratek is one of the leading Nordic players within building, operating and securing of critical infrastructure. The Group delivers a wide range of services for power grids, railway systems, fiber networks, district heating, public street lighting and technical high security solutions. Infratek has 1,700 employees in Norway, Sweden and Finland, and had revenues of NOK 2.9 billion in 2011. Infratek is listed on the Oslo Stock Exchange. For further information, please see www.infratek.no.