Rejlers Help to Increase Operational Reliability within the Norwegian Energy System

Regulatory News:

Rejlers (STO:REJL) is one of four consultancy firms that has been awarded a framework agreement for engineering services for Statnett’s transformer stations. The framework agreement covers the upgrading and restoration of voltage levels at existing transformer stations, as well as the creation of a number of new stations. These assignments will help to increase operational reliability within the Norwegian energy system.

"This is one of several framework agreements that we have signed with Statnett, and we regard this new framework agreement as a further vote of confidence in us,” says Petter Arnesen, Divisional Manager at Rejlers Norway.

The framework agreement runs for two years, with a one plus one year extension option.The agreement is estimated to be worth between NOK 150 and 200 million per year, split between four companies.

"Rejlers has some of the broadest expertise in Norway in terms of electrical power, and this framework agreement provides us with an excellent platform for further growth on the Norwegian market,” says Morten Thorkildsen, CEO of Rejlers Norway.

Rejlers was awarded the agreement in partnership with: Dr. Techn. Olav Olsen, Astrup og Hellern, Grindaker, Høyer Finseth, the Norwegian Geotechnical Institute (NGI), Brekke og Strand Akustikk, and Scan Survey.

About Statnett

Statnett is the system operator for the Norwegian energy system. This means operating about 11,000 km of high-voltage power lines and 150 substations all over Norway. Operations are monitored by one national control centre and three regional centres. Statnett is also responsible for connections to Sweden, Finland, Russia, Denmark and the Netherlands. Statnett is a state enterprise, established under the Act relating to state-owned enterprises and owned by the Norwegian state through the Ministry of Petroleum and Energy.

Rejlers is one of the largest engineering consultancy firms in the Nordic region. Our 2,100 experts work with projects in the areas of Building and property, Energy, Industry and Infrastructure. At Rejlers, you will meet specialist engineers with the knowledge, cutting edge expertise and energy to achieve results. We are still experiencing rapid growth and can now be found in 80 locations in Sweden, Finland and Norway. Rejlers recorded revenue of SEK 1.9 billion in 2015 and its class B share is listed on NASDAQ Stockholm.

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