Veidekke ASA : Veidekke ASA: Veidekke to build transformer station for oil platform Veidekke Entreprenør AS has signed a contract to build an onshore facility at Kollsnes outside Bergen in connection with electrification of the Martin Linge platform in the North Sea. The principal is Siemens, who has a contract for the facility with Total E&P Norge AS. The value of this contract for Veidekke is NOK 150 million excluding VAT. The contract is a turnkey contract where Veidekke will undertake planning, groundwork and construction of the transformer station. The facility will send high voltage alternating current (AC) through a 161 kilometre subsea cable to the platform. This will be the world's longest cable of its type. The 55 megawatt effect of the cable corresponds to the power requirements of 24,000 homes. "Electrification of the Norwegian continental shelf is in keeping with the authorities' long-term goal to reduce CO2 emissions from the petroleum industry. Martin Linge will be among the first platforms on the Norwegian continental shelf that replaces all polluting gas turbines at sea with clean, renewable energy from land," says project manager Kjell Skjølingstad with Veidekke. Construction work is currently starting, and will be completed for testing of the subsea cable in 2015. For more information please contact: Project Manager Kjell Skjølingstad, Veidekke Entreprenør AS, tel +47 934 60 094, email@example.com Communications Manager Helge Dieset, Veidekke ASA, tel. +47 90 55 33 22, firstname.lastname@example.org Veidekke is one of Scandinavia's leading contractors and property developers with a turnover of NOK 20 billion (2012) and 6,300 employees. Activities include building and construction projects, residential developments, asphalt plants, gravel and aggregates, and road services. Our values are professional, honest, enthusiastic and ground-breaking. Our goals for health, safety and the environment, HSE, have equal status with our financial goals. Veidekke is characterised by a strong corporate culture with employee involvement and co-ownership as important cornerstones. More than half of the employees are co-owners, holding around 20 per cent of the Group's shares between them. The company is listed on the Oslo Stock Exchange and has always posted a profit since it was founded in 1936. This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Veidekke ASA via Thomson Reuters ONE HUG#1724236
Veidekke ASA : Veidekke ASA: Veidekke to build transformer station for oil platform
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