Skanska signs contract for the next part of NKT's cable factory in Karlskrona, Sweden, worth about SEK 1.2 billion
10 December 2024Skanska has signed a contract with NKT HV Cables AB regarding part 2 of construction and installation works at the expansion of NKT's cable factory in Karlskrona, Sweden. The new contract is worth about SEK 1.2 billion, which will be included in the order bookings for Sweden for the fourth quarter 2024.
Skanska has signed a contract with NKT HV Cables AB regarding part 2 of construction and installation works at the expansion of NKT's cable factory in Karlskrona, Sweden. The new contract is worth about SEK 1.2 billion, which will be included in the order bookings for Sweden for the fourth quarter 2024.
The existing collaboration agreement between the parties, covering parts of the expansion of NKT's cable factory in Karlskrona, is now being supplemented with an additional contract. The new contract covers part 2 of construction and installation works for the tower building and associated side buildings. NKT's investment will help develop the distribution of renewable electricity and enhance technological advancements in Blekinge and Sweden.
The collaboration agreement was signed in July 2023, and contracts for time-critical work worth about SEK 300M were signed in December 2023. The contract for the first part of construction works were signed in July 2024, valued at SEK 700M, with completion expected by 2025.
Part 2 of construction and installation works will commence immediately and is planned to be completed by May 2026.
Related
-
TotalEnergies proposes a dividend of 3.22 €/share for fiscal year 2024, a 7% increase
5 February 2025
-
SAMSUNG E&A awarded $1.7 billion Contract from TA’ZIZ, UAE
5 February 2025
-
The Hydrogen Stream: Acwa Power, Sefe to supply green H2 to Europe
5 February 2025
-
Croatia aims to lead EU in renewable energy, with solar power set to surpass hydropower by 2040
5 February 2025
-
Russia awards contract to build first road bridge to North Korea
4 February 2025
-
Poland reopens loan, subsidy program for rural solar installations
4 February 2025