AF Gruppen

Regulatory Filings • Dec 19, 2023

New project for Svenska kraftnät

New project for Svenska kraftnät

AF Gruppen's subsidiary, Kanonaden Entreprenad, was awarded the contract to construct and install two new series compensation stations for Svenska kraftnät. The contract will be carried out in a consortium with Hitachi Energy. Kanonaden's share of the contract is around SEK 219 million, excluding VAT.

The two series compensation stations will be installed at Olingan SC in Jämtland and Gräsmark SC in Värmland to reinforce the existing CL26 transmission line. Series compensation increases power supply, reduces the risk of outages, and reduces environmental impact.

The agreement is a turnkey contract and Kanonaden's part of the work includes construction, assembly, and installation work.

"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," says Bård Frydenlund, EVP Sweden.

For further information:

Bård Frydenlund, EVP Sweden, AF Gruppen, tel.: +47 918 68 621

Peter Ek, Managing Director Kanonaden Entreprenad Mälardalen, tel: +46 705 77 61 77