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
-
Alcazar joins forces with IFC to develop Štip wind farm project
29 April 2025
-
Austria launches €60 million rebate program for rooftop PV in 2025
28 April 2025
-
DAS Solar plans 3 GW solar module factory in France
28 April 2025
-
ACCIONA wins construction and concession of transmission line in south Peru
25 April 2025
-
Glenfarne to acquire four solar assets with battery storage facilities in Chile
25 April 2025
-
Azerbaijan inks three solar agreements with Chinese companies
24 April 2025