Veidekke: Building Feios power plant in Vik in Sogn

12 Apr 2023 11:26 CEST

Veidekke has been commissioned by Sognekraft Produksjon AS to build a new
hydropower plant at Feios in Vik municipality in Sogn. The contract that has
been signed is a design and build contract valued at around NOK 500 million
excluding VAT. Development of the project started as early as 23 years ago.

This has been a unique project that Veidekke formally started in 2001 when
agreements with the landowners on waterfall rights were concluded. The following
years were used to further develop the project and bring in partners on the
ownership side. From 2005, impact assessments, licence application,
consideration by various bodies with consultations and changes continued right
up to 2013, when the licence for the power plant was granted. However, the
project was shelved due to low power prices and high costs for high-voltage
transmission. Now, the power market in Norway and Europe has changed, thus
creating the conditions for finally implementing the project.

"The development and construction of power plants places high demands on
technical knowledge, experience from tunnel construction and not least
comprehensive interdisciplinary understanding. Veidekke has a long and proud
tradition of developing and building hydropower plants in Norway, so we are very
pleased to become involved in a new project now so that our expertise is
preserved. We would like to thank Sognekraft Produksjon for the commission and
are really looking forward to finally bringing about this green power project,"
says project director Bernt Wilhelmsen with Veidekke Anlegg.

Feios power plant will produce approximately 100 GWh annually, which corresponds
to the consumption of 5,000 detached homes with an average annual consumption of
20,000 kWh. The height of the fall from the topmost water intake will be 435
metres, and the power plant will include two dams, five stream intakes, more
than nine kilometres of tunnels and a power station in a cavern with two
turbines with a combined capacity of 8,000 litres of water per second.

Construction has already started, and completion is scheduled for the spring of
2026. See more about the project at www.sognekraft.no/feios-kraft-dml-plan. This
contract is included in Veidekke's order book for the first quarter of 2023.

For further information, please contact:
Project Director Bernt Wilhelmsen, tel. +47 94 16 91 19,
bernt.wilhelmsem@veidekke.no
Communications Manager Helge Dieset, tel. +47 90 55 33 22,
helge.dieset@veidekke.no
Development Manager Harald Fimreite, Sognekraft Produksjon, tel +47 91 80 57 68,
harald.fimreite@sognekraft.no

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Veidekke is one of Scandinavia's largest contractors. In addition to undertaking
all types of building and civil engineering assignments, the group also
maintains roads and produces asphalt and aggregates. Veidekke emphasises
stakeholder involvement and local experience. Annual turnover is approx. NOK 39
billion, and almost half of its 8,000 employees own shares in the company.
Veidekke is listed on the Oslo Stock Exchange and has posted a profit every year
since its inception in 1936.

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