AF Gruppen — Capital/Financing Update 2015

Sep 8, 2015

AF Gruppen to build hydro power plant for Hafslund

AF Gruppen to build hydro power plant for Hafslund

Hafslund Produksjon AS has the intention to appoint

AF Gruppen (AFG) as contractor for construction of

the Hydro Power plant Vamma 12

"Vamma 12" is a new hydro power plant situated in

the river Glomma. The Project includes construction

of a hydropower station. Parts of the waterway is in

tunnel. "Vamma 12" will be one of the biggest run of

river power units in Norway with a maximum turbine

discharge of 500 m3 pr. second and a gross head of

28 m. The construction start is planned in October

2015 with completion in spring 2019.

The contract will have a value of approx. NOK 370

million excl. VAT.

"For 30 years, hydro power plants has been one of

the priority areas for AF Gruppen. We are therefore

pleased to be appointed as contractor on a new hydro

power plant where we can contribute with our

experience, says Pål Egil Rønn, CEO of AF Gruppen.

For further information:

CEO: Pål Egil Rønn, tel. +47 90 95 77 13

EVP Civil engineering: Arild Moe, tel. +47 91 37 62

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