900m SEK Contract Awarded

A contract worth approximately 900 million SEK (excluding VAT) has been awarded to AF Gruppen's subsidiary, Kanonaden Entreprenad, in collaboration with Hitachi Energy. The project involves the installation of seven new series compensation stations in central and northern Sweden. This is a turnkey contract where Kanonaden's share is valued at slightly over 900 million SEK.

Development of Compensation Stations

The construction project will see the development of new series compensation stations, along with associated control buildings, storage facilities, and backup power systems. Kanonaden is responsible for project management, earthwork, site security, the foundation of buildings and high-voltage facilities, along with the installation and assembly of high-voltage equipment. The power quality solution will be designed and delivered by Hitachi Energy.

Option for Additional Stations

Svenska kraftnät holds an option to order an additional three series compensation stations worth approximately 400 million SEK (excluding VAT). These new stations are expected to accelerate Sweden's energy transition by improving the electricity grid's transmission capacity, resulting in increased power supply, reduced risk of outages, and a smaller environmental impact.

Strengthening Sweden's Energy Network

This project signifies a significant strengthening of Sweden’s energy network. 'We are proud to contribute to the strengthening of Sweden's energy network and to continue our collaboration with Svenska kraftnät and Hitachi Energy,' said Amund Tøftum, CEO of AF Gruppen.