Fenno-Skan 2 converter stations contract awarded to ABB

Fingrid Oyj and Svenska Kraftnät have selected ABB AB to deliver the new HVDC converter stations in Finland and Sweden (Fenno-Skan 2) respectively. The total contract price is approximately 110 million euros. The agreement on converter stations will be signed later in summer. The design of the converter stations will commence in 2009, and the site building activities at Rauma and Finnböle sites will start in 2010. The handover is scheduled to the end of 2011, when the commissioning of the new interconnector will also take place. ABB was selected as a result of an extensive international bidding process. Fenno-Skan 2 will be an 800 megawatt and 500 kilovolt electricity transmission connection between Finland and Sweden. The total length of the link will be approx. 270 kilometres, of which the actual submarine cable will account for some 200 kilometres. The extension is carried out in close co-operation between Fingrid Oyj and Svenska Kraftnät. Fenno-Skan 2 will increase the electricity transmission capacity between Finland and Sweden by approx. 40 per cent, integrating the Nordic electricity market even more closely together. In practice, the project will reduce temporary differences in the price of electricity between the various countries within the electricity market. The Fenno-Skan 2 scheme will also reduce losses in the Nordic transmission grids and improve power system security.
Further information:
Kari Kuusela, Vice President, tel. +358 (0)30 395 5129 or
Timo Kiiveri, Project Manager, tel. +358 (0)30 395 5121