Enersense receives a significant contract for renewing power lines between Mustvee-Paide

Enersense International Plc
Press release 3 January 2023 at 10:45 a.m.

Enersense AS, Estonian subsidiary of Enersense International Plc, a provider of zero-emission energy solutions, has signed a contract with Estonian transmission system operator AS Elering. The contract covers the renewal of the 330-kV power line between Mustvee and Paide substations as well as construction of a new 110-kV power line between Mustvee and Kantkyla substations.

Enersense As and Leonhard Weiss Oü, who specializes in design, construction and maintenance of integrated transmission systems, will carry out the project in a consortium. The total value of the contract is EUR 36.9 million. Enersense's share of the contract is approximately EUR 18.5 million, which will be included in the first quarter 2023 order book of Enersense's International Operations.

The project includes preparatory and design works, demolition of the existing power line and construction of a 90-km-long new 330 kV and 110 kV power line. The project is expected to be completed in July 2025 at the latest.

"Enersense has decades of experience in the construction of power lines. We are delighted that our capabilities are valued, and that we are chosen to execute demanding projects as a responsible partner to our clients. This significant contract strengthens our position in the Baltic market", says Jussi Holopainen, CEO, Enersense International Plc.

The renewal of the power line between Mustvee and Paide substations is an important part of a larger project that connects transmission systems at the Baltic Sea region to transmission systems in mainland Europe. Construction of Mustvee-Paide power line strengthens basic power connections in Estonia markedly.

More information:    

Jussi Holopainen, CEO    
Tel. [phone]    
Email: [e-mail]   

Media contacts:    

Tommi Manninen, SVP, Communications and Public Affairs    
Tel. [phone]    
Email: [e-mail]   

Enersense in brief:     

Enersense International Plc is a creator of zero emission energy solutions and strongly supports the ongoing energy transition and enabling a zero-emission society. Enersense Group's revenue in 2021 was approximately EUR 239 million. The company has approximately 2,000 employees, with operations in Finland and globally in roughly 40 countries. Enersense's shares are listed on Nasdaq Helsinki (ESENSE). The company's investor pages can be found at www.enersense.com/investors.   

https://news.cision.com/enersense-international-oyj/r/enersense-receives-a-significant-contract-for-renewing-power-lines-between-mustvee-paide,c3692122

https://mb.cision.com/Main/17026/3692122/1762055.pdf

(c) 2023 Cision. All rights reserved., source Press Releases - English