NYAB receives an order of SEK 931 million in power line construction

NYAB has been selected as contractor for the construction of two 130 kV power lines between the substation in Hedenlunda and the substation at SSAB’s steel mill in Oxelösund.

Total value of the project from Vattenfall Eldistribution is approximately SEK 931 million (approximately EUR 80 million).

In accordance with the Swedish Act on Public Procurement in the Utilities Sectors, the order is subject to a 10-day appeal period, after which a contract can be signed. The project is estimated to be started in the third quarter of 2024 and completed during the year 2026.

Contact
Mikael Ritola, COO, NYAB AB, +46 (0)70 669 0852, mikael.ritola@nyabgroup.com

NYAB AB's Certified Adviser is Augment Partners AB, info@augment.se, phone +46 8 604 22 55

This information is information that NYAB AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out herein, at 15:40 CEST on 24 July 2024.

NYAB enables the progress of society for future generations with extensive experience from complex and challenging projects. NYAB provides services of engineering, construction and maintenance within sustainable infrastructure, industrial construction and renewable energy and therefore contribute to the green transition. NYAB operates in Sweden and Finland within both private and public sector.