To put things into perspective, the deal accounts for c. 2% of the companies’ consolidated TTM sales.

Končar (KET) published an announcement stating that they signed an inaugural contract with Swedish Distribution System operator Vattenfall Eldistribution AB worth HRK 63m.

The contract was signed by one of the members of Power Plant and Electric Traction Engineering (KET) Management Board. KET was chosen by Vattenfall as the most favorable bidder among strong competition of renowed local companies for a project of a complex reconstruction of transformer station which is located near Stockholm.

The project of reconstruction is to be completed in mid-2023. KET will be cooperating with local subcontractor for construction works, but fully rely on its in-house experts for project management, design, system engineers for secondary systems and eletrical installations.

For this and all future projects in Sweden, the company will establish a subsidiary which will carry out local implementation of projects.