Eltel and Caruna sign a EUR 50 million frame agreement for cabling projects in Finland
Eltel and Caruna have signed a frame agreement to improve the power distribution network in the southwestern regions of Finland. Improvements in medium-voltage networks will be carried out over the next three years. The total value of the agreement is EUR 50 million and it will extend until September 2018. The new agreement will continue earlier projects between the two companies. The tendering process was in form of a public offering.The agreement is based on a turnkey model. It consists of several separate projects, in which overhead power lines will be replaced by underground cables.