To put things into a perspective, the concluded deals account for 34.2% of the company’s consolidated T12 revenues, while they amount to 3.7x it’s market cap.

Dalekovod published an announcement on the Zagreb Stock Exchange stating that the company has signed contracts for two interconnected projects with Eles, a Slovenian national operator of the electricity transmission system.

The larger project, Cirkovce – Pince, includes the construction of a total of 80 kilometers long, new double 400 kV transmission line and will be completed in 2022, while works on the reconstruction and construction of 220 kV transmission line Cirkovce – Žerjavinec are scheduled for the second part of 2020.

Upon completion, sections will connect Hungarian and Slovenian transmission networks at a voltage level of 400 kV and thus increase the capacity of both transmission systems and provide preconditions for future energy projects.

New contracts continue the presence of the Dalekovod Group on the Slovenian market, where preparatory works are already underway for the reconstruction of the double 400 kV transmission line Beričevo – Okroglo with a total length of 32.5 kilometers

The total value of works on all three projects, which should be realized by 2022, is almost HRK  450m. To put things into a perspective, the concluded deals account for 34.2% of the company’s consolidated T12 revenues. We find such news very accommodative for the share price, as the deals amount to 3.7X it’s market cap. This proved to be true, given that after the announcement, the stock closed at HRK 4.9 per share, marking a +7.69% daily increase (with most of it coming after the mentioned announcement).