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NKT to strengthen local power grid in Norway with high-voltage cable systems

NKT has won the turnkey order of two high-voltage cable systems ensuring power availability and transmission security in the regions of Hedmark and Oppland in Norway.

NKT has been awarded the turnkey delivery of two 145 kV AC (alternating current) extruded cable system sets for the Mjøsa Project in the regions Hedmark and Oppland located North of Oslo in Norway. Here the power grid operator Eidsiva Nett AS is to upgrade the grid and secure the power availability and transmission security in the region around the lake Mjøsa. For NKT, the Norwegian turnkey order comprises design, engineering, manufacturing, installation and commissioning of the cable connections in the lake with a total cable length of 35 kilometres.

–  We have great experience from several projects in Norway and we are excited to play a part in the continuous development of the Norwegian power grid. The Mjøsa Project is ensuring the transmission security of the region and supporting the integration of renewable energy in Norway, says Michael Hedegaard Lyng, President & CEO of NKT.

The cables are scheduled to be manufactured in the NKT facility in Karlskrona, Sweden, during 2018 as the project is planned to be commissioned in 2019. For Eidsiva Nett AS the turnkey solution ensures efficiency and reduces the number of interfaces lowering the overall project risks.

NKT has extensive experience from projects in Norway and is currently executing on orders for the cable systems bringing power from shore to the oil and gas platforms Johan Sverdrup and Martin Linge in the North Sea. NKT has previously supplied cable systems for the platforms Goliat, Gjøa and Troll A as well.

The order value of the Mjøsa Project is below the usual announcement threshold of NKT and does not impact the company’s financial outlook for 2018.

About NKT  
NKT has pioneered the cable industry since 1891, and today we are still proactively meeting the world’s constantly growing need for power. We achieve this with our unparalleled energy transportation expertise and cost-effective manufacturing at the highest technological level, and with the regeneration of the environment in sharp focus. We have a ‘glocal’ mindset rooted in trusted partnerships, and we firmly believe that by working together we can shape the future and use our passion to bring power to life.

NKT is a global and recognized provider of turnkey AC/DC cable solutions with headquarter in Denmark. We employ approximately 3,400 people, and realized a 2017 revenue of EUR 1,42 billion. NKT is listed on Nasdaq Copenhagen. www.nkt.com

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