Veidekke

Veidekke ASA: To build more wind power in Finnmark

Varanger KraftVind AS has awarded Veidekke the contract to carry out

construction work in connection with expansion of the wind power plant at

Raggovidda in Berlevåg municipality in Finnmark. The contract is a design and

build contract valued at approx. NOK 100 million excluding VAT.

"Five years ago Veidekke built the first stage of this wind power plant, and we

are very pleased that Varanger KraftVind has also selected us for the second

stage. We also appreciate confirmation that we are competitive and have the

confidence of customers in this important segment for us," says Executive Vice

President Øivind Larsen of Veidekke Anlegg.

"It is also pleasing that Veidekke once more may contribute to the green shift

by building facilities for the production of large volumes of renewable energy.

This is the sixth wind power project for Veidekke in this country in recent

years," Larsen concludes.

The 12 new turbines in the wind farm will have combined installed power of 51,6

MW and an annual production corresponding to the consumption of more than 10,000

households. The infrastructure Veidekke will build comprises the following key

components:

· 12 turbine foundations with associated sites for assembly cranes

· 10 kilometres of road

· Erection of a storage building and a scooter garage

· Cable trenches and laying of the farm's internal high-voltage grid

Design and engineering will start immediately, while construction work will take

place in the summer of 2020.

For more information, contact:

Executive Vice President Øivind Larsen , tel. +47 90 58 23 51,

Communications Manager Helge Dieset, tel. +47 90 55 33 22,

Subscribe to notices from Veidekke (http://veidekke.com/no/borsmeldinger/abonner

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Veidekke is one of Scandinavia's largest construction and property development

companies. The company undertakes all types of building construction and civil

engineering contracts, develops residential projects, maintains roads, and

produces asphalt and aggregates. The company is known for its involvement and

local knowledge. Annual turnover is approx. NOK 36 billion, and around half of

its 8600 employees own shares in the company. Veidekke is listed on the Oslo

Stock Exchange and has always posted a profit since it was founded in 1936.

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