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Harju Elekter to supply EUR 12 mln worth of substations to Finland per year

BC, Tallinn, 20.12.2016.Print version
The listed Estonian electrical equipment maker Harju Elekter Group has won a tender to supply substations to Finland's largest distribution network company Caruna over a four-year period for 12 mln euros per year, reports LETA/BNS.

According to the contract awarded for 2+1+1 years, concluded on Dec. 19 this year, more than 1,000 prefabricated substations per year will be added to the current output of Harju Elekter's electrical equipment plants in Estonia and Finland for Caruna Group, bringing about a considerable increase in output. The estimated volume of the contract is 12 mln euros per year, Harju Elekter told the stock exchange.

Caruna is the largest distribution network company in Finland. Caruna holds a market share of about 20% of local electricity transmission in Finland and provides electricity to 650,000 private and corporate customers in southern, southwestern and western Finland, as well as in the city of Joensuu, the sub-region of Koillismaa and the Satakunta region.

Harju Elekter is the leading medium and low voltage electrical and engineering devices producer in the Baltic countries and a well-known supplier in Scandinavia. Harju Elekter Group includes manufacturers of electrical equipment in Estonia, Finland and Lithuania.

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