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Croatia's Dalekovod signs contracts in Norway, Sweden

Author Radomir Ralev
Croatia's Dalekovod signs contracts in Norway, Sweden Source: Creative Commons CC0

ZAGREB (Croatia), November 20 (SeeNews) - Croatian power transmission equipment manufacturer Dalekovod [ZSE:DLKV] has signed two contracts worth a total of 15 million euro ($17.1 million) in Sweden and Norway, the company said on Tuesday.

Dalekovod will build the Soermarkfjellet-Hofstad transmission line with a capacity of 132 kV in Norway under a 12 million euro contract signed with Norwegian investor Sarepta Energi owned by regional utilities NTE Energi and TroenderEnergi Kraft, the Croatian company said in a filing to the Zagreb Stock Exchange.

In Sweden, Dalekovod was selected as the best bidder in a 3 million euro tender launched by Swedish company Svenska Kraftnaet for the reconstruction of 400 kV lines around the Hedenlund substation.

The duration of the contract in Norway is 24 months, whereas the duration of the Swedish project is seven months, Dalekovod said.

Dalekovod swung to a consolidated net loss of 45.5 million kuna ($7 million/6.1 million euro) in the first nine months of 2018, from a profit of 10.8 million kuna a year earlier.

($ = 0.875077 euro)