Skanska to Construct New Svean Hydroelectric Power Plant in Norway

Skanska to Construct New Svean Hydroelectric Power Plant in Norway

Skanska has secured a contract with Statkraft for the construction of the new Svean power plant in the municipality of Klæbu, Trøndelag County, Norway. Valued at NOK 507 million (approximately SEK 500 million), this project will be included in Skanska’s Nordic order bookings for the first quarter of 2025.

The project involves building a modern hydroelectric power station inside the mountain, ensuring minimal disruption as the current facility, operational since 1940, continues to function for most of the construction period. Key elements of the contract include:

  • Excavation of 1.6 kilometers of tunnels for the new facility.
  • Utilization of the existing 3-kilometer transfer tunnel from Selbusjøen to Svean while constructing a new intake in Selbusjøen.
  • Comprehensive building-related work for the power station infrastructure.

The new Svean power plant will replace the aging station, boosting annual electricity production to approximately 130 GWh, sufficient to power 6,000 households.

Construction Timeline:

  • Start: January 2025
  • Completion: December 2027

This project aligns with Norway’s commitment to renewable energy, providing a significant upgrade to the region’s energy infrastructure while meeting modern efficiency and sustainability standards.

Popular

Latest from Blog

AI in Cement and Concrete Development for Efficiency

AI in Cement and Concrete Development for Efficiency

April 2026 — Meta is transforming cement and concrete development in the U.S. construction sector through its latest artificial intelligence innovations. The company claims that these tools help producers reduce costs and
$225M Affordable Housing Project in Bronx Opens

$225M Affordable Housing Project in Bronx Opens

BRONX, NEW YORK, April 2026 — Construction has begun on River Avenue Apartments II, a $225 million affordable housing project in the West Concourse neighborhood of New York City. The development aims
NEOM Megaproject Contract Cancellations Explained

NEOM Megaproject Contract Cancellations Explained

The cancellation of several contracts in March has signaled a strategic recalibration of the $500 billion NEOM development, one of the most ambitious initiatives within Saudi Vision 2030. Reports indicate that Saudi
AI-Demand HVAC Technicians Skilled Labor Trends

AI-Demand HVAC Technicians Skilled Labor Trends

The rapid expansion of artificial intelligence infrastructure is creating a surge in demand for HVAC technicians and other skilled trades, according to a new report from global human resources consulting firm Randstad.
Skanska Contracts in Sweden and US: Overview

Skanska Contracts in Sweden and US: Overview

Skanska has secured three new construction contracts worth a combined $313 million across the United States and Sweden. The projects include a university research facility in Texas, a pedestrian bridge in Los
Oklahoma City NBA Arena: A New Era Begins

Oklahoma City NBA Arena: A New Era Begins

A joint venture between Flintco and Mortenson has officially broken ground on a $900 million NBA arena project in Oklahoma City. The major sports infrastructure development is expected to be completed by