Note that the value of the deal would account for 31.5% of the 2018 operating revenues. This revenue will be fully realized by the end of 2022. 

Dalekovod published a document in which they announced that Norwegian Statnett, an electric power transmission company, informed that the offer made by Dalekovod was chosen as the best one according to the criteria of the tender for the construction of a new 420 kV transmission line between Skillemoen and Skaidi substations in the total length of 89 km.

The value of construction works to be realized by the end of 2022 is more than EUR 52 million and the company notes that the contract will be signed after Statnett’s final investment decision has been confirmed.

Note that the value of the deal would account for 31.5% of the 2018 operating revenues.

This is not the first time that Dalekovod is doing business with Statnett this year. As a reminder, in February, the company concluded a deal worth more than EUR 44m. More about the mentioned deal can be read on the link here.