Harju Elekter Group won Elektrilevi tender

AS Harju Elekter Elektrotehnika, a subsidiary of AS Harju Elekter, won a tender for the supply of 250 Kw prefabricated substations to Estonia. Elektrilevi OÜ, the largest grid company in Estonia, made an announcement on the winner of the tender, based on which totally 2.25 million euros amounted in the 5-year contract period. According to plans, the terms and conditions of the contract will be specified and the framework contract will be concluded in March.

Last year, 3,000 substations were produced in the Harju Elekter Group’s factories. In order to cover the volume of commissions without any issues, AS Harju Elekter Elektrotehnika’s production capacities were increased last year, directing the operations of the subsidiary to the new production halls at Keila Industrial Park.

Elektrilevi OÜ supplies electricity to almost all households and companies in Estonia, having 475,000 clients across Estonia. The company’s role as a network operator is to ensure the constant supply of electricity to its customers. Elektrilevi maintains and repaires almost 61,000 kilometres of power lines and more than 24,000 substations.

After launching its activities in 1968, Harju Elekter Group has developed into a leading producer of MV/LV electrical and engineering devices in the Baltic countries and a well-known and respected manufacturer in Scandinavia. Harju Elekter’s main field of business is the development, manufacturing and sale of equipment necessary for the distribution and transmission of electric energy. The core business is supported by a sheet metal plant in Estonia and the development and leasing of industrial real estate. Harju Elekter Group’s plants in Estonia, Finland, Sweden and Lithuania employ nearly 700 specialists, and the year 2017 sales revenue of the Group was 102.4 million euros. Shares of Harju Elekter are listed on Nasdaq Tallinn.

Andres Allikmäe
Chairman of the Board/CEO
+372 674 7400

 

Prepared by:
Moonika Vetevool
Corporate communication and investor relations manager
+372 671 2761