Veidekke awarded contract for Lista Wind Power Plant

Lista Wind Power Plant AS, a wholly owned subsidiary of Fred. Olsen Renewables, has awarded Veidekke Entreprenør AS the contract for the construction of the Lista Wind Power Plant in the Municipality of Farsund. The contract sum is NOK 208 million excluding VAT. Veidekke has signed an EPC Contract and is responsible for completing the design, construction, installation and commissioning of the wind farm infrastructure. This includes the construction of roads, turbine foundations, cable trenches and additional buildings. Siemens AS is the project's electro supplier and is responsible for the installation of the plant's electronic infrastructure and coupling the turbines to the local electric grid. The wind power plant will consist of thirty-one [31] turbine locations and have an installed capacity of 102 MW. It will produce 280 GWh electricity per annum; the equivalent of the annual electricity consumption of approximately 15.000 households.  Veidekke will provide the plant's infrastructure, building twenty- two [22] kilometres of roads in order to reach each turbine. The project will commence in May 2011 and its date of completion is in the first quarter of 2013. Also see: For further information please contact: Project Manager Kristian Senland, Veidekke Entreprenør AS, Tel +47 911 28 356, Site Manager Kjell Skjøllingstad, Veidekke Entreprenør AS, Tel + 47 934 60 094, Communications Manager Helge Dieset, Veidekke Entreprenør AS, Tel + 47 905 53 322, Project Manager Øyvind Lund, Fred Olsen Renewables AS, Tel +47 22 34 11 28, 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) Illustration: 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#1512498]