Business NEWS

Svenska Kraftnät Awards NCC a Groundbreaking Billion-Kronor Power Line Contract

Svenska Kraftnät has signed a major contract with NCC for new power lines, marking a pivotal development in Swedish infrastructure.

    Key details

  • • Svenska Kraftnät signed a ten-year, billion-kronor contract with NCC for new power lines.
  • • The contract involves 45 miles of construction in Västra Götaland.
  • • Per Eckemark stated it's the largest contract in the company's history.
  • • A series of five major contracts are planned over the next two years, including a 7 billion kronor project in Västerås.

Svenska Kraftnät has signed a landmark ten-year contract valued at over a billion kronor with construction firm NCC for the development of 45 miles of new power lines in Västra Götaland. This significant agreement, set to be publicly announced on Thursday, showcases a strategic partnering approach that groups multiple projects into larger business packages, facilitating more efficient management and execution.

Per Eckemark, CEO of Svenska Kraftnät, emphasized the importance of this deal, proclaiming it is the largest contract the company has ever secured. He indicated that this contract is the first in a series of five major deals that are planned over the next two years. The next of these long-term contracts is expected to focus on the Västerås area, projected to be worth approximately 7 billion kronor and involving nine separate projects.

This move underscores Svenska Kraftnät's commitment to strengthening Sweden's electrical infrastructure and highlights the growing role of strategic procurement strategies in large-scale project execution.

This article was translated and synthesized from Swedish sources, providing English-speaking readers with local perspectives.

Source articles (1)

Logo

www.expressen.se

Latest news

The top news stories in Sweden

Delivered straight to your inbox each morning.

Sign up