September 29 (SeeNews) - Croatia's Koncar – Power Plant and Electric Traction Engineering (KET) said on Wednesday it signed in its inaugural contract with Swedish power distribution system operator Vattenfall Eldistribution worth 63 million kuna ($9.8 million/8.4 million euro).
“The scope of the project is a very complex reconstruction of the 130 kV plant at the transformer station TS 220/130/70/20 kV Finnslatten in Västerås, near the Swedish capital of Stockholm,” KET, an unit of electrical equipment manufacturer Koncar Elektroindustrija [ZSE:KOEI] group, said in a statement.
The reconstruction is to be completed in mid-2023. It includes replacing the outdoor air-shielded 70kV plant with a new 130kV plant.
“The sophisticated reconstruction will take place in 11 phases, and it includes preparation of design documentation, supply and replacement of HV primary equipment, secondary equipment, auxiliary systems, construction of a new control building, as well as necessary construction works and functional tests, commissioning and maintenance during the warranty period,” according to the statement.
Additionally, the contract provides for the procurement and laying of 145kV cables and other equipment.
Koncar's shares traded at 720 kuna intraday on Wednesday on the Zagreb bourse, 0.69% lower than the last closing price.
(1 euro=7.496 Croatian kuna)