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Netel Bags NOK44 Million Contract with Elvia for Substation Upgrades in Norway

MT Newswires·08/28/2026 04:28:32
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04:28 AM EDT, 08/28/2026 (MT Newswires) -- Netel Holding (NETEL.ST) said Friday its Nett-Tjenester subsidiary secured contracts worth 44 million Norwegian kroner in total to upgrade two substations in Norway for energy company Elvia. The contract covering the substation in Tøyen, Oslo, is valued at 34 million kroner, while the contract for the substation in Innlandet county is worth 10 million kroner. Works under both contracts start in the autumn of 2026, with completion of the Oslo project scheduled for spring 2028 and completion of the Innlandet project planned for 2027. The Stockholm-listed critical infrastructure group said its unit will provide planning and technical design services, as well as supply equipment for installation works under both contracts.