The new power plant “Jølstra” will be located close to the city of Førde. YIT and Sunnfjord Energi AS, a Norwegian power company, recently signed an agreement on building a new hydropower plant in the Sogn and Fjordane County in Western Norway. The contract covers the construction of a power plant, including water intake, power station and approximately 7 kilometers of tunnel.
The value of the contract is EUR 32 million. The work will begin in July 2018, and it will be completed in December 2020.
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Strong position in infrastructure construction solutions
“We have a strong position in infrastructure construction solutions and services in the Nordic and Baltic countries. This contract is a good example of projects where our special expertise in energy sector construction plays a crucial role,” says Harri Kailasalo, Executive Vice President of YIT’s Infrastructure projects segment.
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Several power plant projects in Scandinavia
The company has earlier built a similar hydro power plant in Norway and has also built power plants and been involved in power plant projects with foundation engineering or renovation work in Sweden and in Finland.
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YIT is the biggest construction company in Finland and a major player in Northern Europe.The company constructs and develops apartments, business premises and entire residential areas. Furthermore, they are specialists in infrastructure construction and paving. Together with their customers and its 10,000 professionals it creates increasingly functional, appealing and sustainable cities and living environments. YIT has operations in 11 countries: Finland, Russia, Scandinavian and Baltic countries, the Czech Republic, Slovakia and Poland. The new YIT was created by the merger of YIT Corporation and Lemminkäinen Corporation, both over 100 years old, on February 1, 2018. In 2017, the pro forma revenue totalled more than EUR 3.8 billion. YIT Corporation’s share is listed on Nasdaq Helsinki.
New hydropower plant to be built in Western Norway, based on an YIT press release