Enersense has won Fingrid's tender regarding the construction of the Herva-Nuojuankangas 400 kV transmission line

Enersense International Plc
Investor news, 24 June 2024 at 9:30 a.m.

Enersense has won a contract for the construction of a new 400 kV electricity transmission connection in Fingrid's public procurement tender. The total value of the contract is approximately EUR 26.5 million and it will be recognised in the order backlog of the Power business area for the second quarter of 2024.

The 400 kV power line construction contract won by Enersense is located in Northern Ostrobothnia from the Herva substation in Ii to Nuojuankangas in Vaala and is about 117 kilometres long. The construction work will start in the winter of 2024 and the project is to be handed over to the customer in the summer of 2027.

”Enersense has a significant market position in green energy transition projects and this project supports well our revised strategy and further strengthens our role as an enabler of the sustainable energy transition.  We are very pleased that Fingrid chose us to implement this project”, says Enersense’s acting CEO Juha Silvola.

The decision will enter into force after the end of the appeal period under the Act on Public Procurement and Concession Contracts.

More information:

Juha Silvola, acting CEO
Tel.: +358 40 763 1599
Email: juha.silvola@enersense.com

Media contacts:
Tommi Manninen, SVP, Communications and Public Affairs
Tel.: +358 40 043 7515
Email: tommi.manninen@enersense.com

Enersense in brief: 
Enersense International Plc is a creator of zero emission energy solutions and strongly supports the ongoing energy transition and enabling a zero-emission society. Enersense Group’s revenue in 2023 was EUR 363 million. The company has approximately 2,000 employees, with operations in Finland and internationally. Enersense’s shares are listed on Nasdaq Helsinki (ESENSE). The company’s investor pages can be found at www.enersense.com/investors.