Skanska signs contract for the next part of NKT's cable factory in Karlskrona, Sweden, worth about SEK 1.2 billion
10 December 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.
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
-
CNCEC signed FEED+EPC contract for green ammonia project in Namibia
30 July 2025
-
Red Sea Petrochemicals, CNCEC sign framework deal for SCZone Project
29 July 2025
-
LG, Yahua Group to invest MAD 5.5 Billion in lithium refining plant in Morocco
28 July 2025
-
Jinko ESS and Solar commission 3.8 MWh energy storage system in Hungary
28 July 2025
-
Trina Storage strengthens APAC footprint with Japan-based deployment
28 July 2025
-
EDF shifts nuclear strategy to focus on domestic projects
27 July 2025