Veidekke to build biogas plant in Nes municipality

Cambi AS has awarded Veidekke Entreprenør AS the contract to build the EGE biogas plant, which is a biogas plant for Oslo municipality, Energigjenvinningsetaten (EGE) [Energy Recycling Department]. Veidekke`s contract has a value of NOK 113 million excluding VAT.

 

Veidekke has entered into a turnkey subcontractor contract with Cambi, which is the main supplier of the biogas plant to EGE. Veidekke will plan and carry out construction work for Cambi on the project.

 

Veidekke and Cambi have cooperated on the project since the spring of 2010 in order to arrive at a good concept for the biogas plant. A phase of detailed planning is currently under way in preparation for starting construction in July this year. The plant will be ready to receive waste on 20 December 2012.

 

The biogas plant is to be built in Nes municipality in Akershus. The plant, which will have an area of 3,760 square metres, will have the capacity to process 50,000 tons of food waste annually. The plant will produce sufficient biogas to operate around 135 buses. In addition the plant will produce around 27,000 tons of organic fertilizer for agriculture, corresponding to the requirements of around 100 normal-sized farms.

 

The total price for the biogas plant from Cambi to EGE is NOK 350 million excluding VAT. Veidekke`s deliveries to Cambi constitute NOK 113 million excluding VAT.

 

 

For more information please contact:

 

Project manager Per Arne Gåsbakk, Veidekke Entreprenør AS, mobile +47 91 56 71 18, per-arne.gasbakk@veidekke.no
Business developer Wojtech Sargalski, Cambi AS, mobile +47 90 11 42 68 ws@cambi.no
COO Berit Gjellan, Cambi AS, mobile +47 95 10 83 14, bg@cambi.no
Communications Manager Helge Dieset, Veidekke ASA, tel. +47 90 55 33 22, helge.dieset@veidekke.no

 

 

  

 

 

Veidekke is one of Scandinavia`s largest contractors with 6,100 employees and a turnover of NOK 16.3 billion (2010). Activities include building and construction projects, residential developments, asphalt plants, gravel and aggregates, road maintenance and recycling. Our values are professional, honest, enthusiastic and pioneering. Our goals for health, safety and the environment, HSE, have equal status with our financial goals.  Veidekke is characterized by a decentralized organizational model with a strong corporate culture and a high degree of employee involvement. Over half the employees are co-owners, holding almost 20% of Veidekke`s shares between them. The company is listed on the Oslo Stock Exchange and has never declared a loss since it was founded in 1936.

 

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)



This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Veidekke ASA via Thomson Reuters ONE

HUG#1514174
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here