LEMMINKÄINEN CORPORATION INVESTOR NEWS 25 MAY 2016 AT 1:00 P.M.
LEMMINKÄINEN TO BUILD AND STRENGTHEN DAMS IN SOUTHERN SWEDEN
Lemminkäinen and Statkraft have signed a contract on building new dams and securing the existing dams in the Hyltebruk power plant located in southern Sweden. The value of the project is approximately EUR 14 million. The project will start in summer 2016 and is scheduled for completion in summer 2018.
The contract covers the execution of the project, including foundation engineering and concrete works. The project will include a new regulating dam with 1 concrete spillway with 4 hatches versus the current 12 and the regulatory capacity will be increased from 200 m3/s to 430 m3/s. The new regulating dam will be 50 meters long and the connecting embankment dams will be about 250 meters. Nearby dams will be reinforced with supporting fill, new drainage and new instrumentation.
“Lemminkäinen has done several power plant projects in Sweden. Our expertise in foundation engineering and concrete construction and experience in the construction of hydropower plants will be particularly useful in the Statskraft project,” says Harri Kailasalo from Lemminkäinen.
Executive Vice President, Infra projects
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Lemminkäinen is an expert in complex infrastructure construction and building construction in Northern Europe and one of the largest paving companies in its market. Together with our customers and the 4,800 professionals we employ, we are building a sustainable society. In 2015, our net sales were EUR 1.9 billion. Lemminkäinen Corporation’s share is quoted on NASDAQ OMX Helsinki. www.lemminkainen.com