Andfjord Salmon Group AS (Andfjord Salmon) today reports faster than expected progress for the development of the waterways that will provide fresh seawater to the pools at the company’s land-based aquaculture facility at Kvalnes, Andøya,
Since Andfjord Salmon reported its first quarter results on
The waterways, including inlet and outlet tunnel, is designed to support a future production of 40,000 tonnes of salmon at Kvalnes.
“Construction of the waterways is underground work that exposes us to ground conditions. To make 20 percent progress in such a short time period is important as it helps to de-risk one of the most challenging parts of the Kvalnes build-out,” says
In this first phase of the Kvalnes build-out, Andfjord Salmon is completing four new pools, increasing total production capacity to 8,000 tonnes HOG by 2025. The company aims to achieve a total production capacity of 40,000 tonnes HOG at Kvalnes through gradual volume increases between 2025 and 2030. The initial phase includes developing shared infrastructure such as waterways and a harbour area to support future production.
Work on the two other ongoing workstreams – harbour area and concrete pools – are progressing as planned. The harbour area workstream is currently at 42 percent completion, up from 36 percent on
The concrete pools workstream has reached 12 percent completion, up from 8 percent at the end of May, as installation of steel reinforcements and foundation work is moving ahead as scheduled.
Contacts
- Investors:
Bjarne Martinsen , CFO,Andfjord Salmon AS , +47 975 08 345, bjarne.martinsen@andfjord.no -
Media:
Martin Rasmussen , CEO,Andfjord Salmon AS , +47 975 08 665, martin@andfjord.no
About Andfjord Salmon
Located at Andøya on the Arctic Archipelago of Vesterålen,
Attachments
- Andfjord Salmon Operational Update July 2024.pdf
© NTB Norway, source