AF Gruppen’s Subsidiary Kanonaden Entreprenad to Reinforce Power Transmission with Svenska kraftnät Contract

Kanonaden Entreprenad, was awarded the contract to construct and install two new series compensation stations for Svenska kraftnät.

(IN BRIEF) Kanonaden Entreprenad, a subsidiary of AF Gruppen, has secured a contract, valued at around SEK 219 million, to construct and install two series compensation stations for Svenska kraftnät. In partnership with Hitachi Energy, Kanonaden will establish these stations at Olingan SC in Jämtland and Gräsmark SC in Värmland to enhance the existing CL26 transmission line. This project aims to bolster power supply reliability, reduce outage risks, and minimize environmental impact. Kanonaden’s scope of work includes construction, assembly, and installation. The EVP of Sweden, Bård Frydenlund, emphasized the alignment of this project with AF Gruppen’s strategy focused on energy and power-related ventures.

(PRESS RELEASE) OSLO, 19-Dec-2023 — /EuropaWire/ — AF Gruppen (LON: 0DH7), a leading contracting and industrial group and the 3rd largest civil engineering and construction company in Norway, announces that its subsidiary, Kanonaden Entreprenad, has been awarded a contract to construct and install two new series compensation stations for Svenska kraftnät, with work performed in collaboration with Hitachi Energy. The contract, valued at approximately SEK 219 million (excluding VAT), will see the establishment of series compensation stations at Olingan SC in Jämtland and Gräsmark SC in Värmland. These stations will reinforce the existing CL26 transmission line, resulting in increased power supply reliability, reduced outage risks, and a positive environmental impact.

As part of the turnkey agreement, Kanonaden will oversee construction, assembly, and installation activities. Bård Frydenlund, EVP Sweden, expressed pride in the ongoing trust placed in Kanonaden by Svenska kraftnät and Hitachi Energy. He emphasized the project’s alignment with AF Gruppen’s Swedish civil engineering strategy, focusing on energy and power-related ventures. “We are proud of the continued confidence shown in us and cooperation with both Svenska kraftnät and Hitachi Energy. The project is in line with our Swedish civil engineering strategy of focusing on energy and power-related projects.

Media contacts:

Bård Frydenlund
EVP Sweden
AF Gruppen
bard.frydenlund@afgruppen.no
+47 918 68 621

Peter Ek
VD
Kanonaden Entreprenad AB
peter.ek@kanonaden.com
+46 70 577 61 77

SOURCE: AF Gruppen