December 18, 2024
Scana company awarded sizeable contract
Scana owned PSW Power & Automation AS has received a call-off on the recently signed framework agreement announced in stock exchange notice 13 December 2024. The delivery includes design, assembly, and testing of emergency power modules in accordance with the framework agreement. The call-off is defined as a contract of sizeable value (1) for the company.
The project starts immediately, and delivery will take place in Q2/Q3 2025.
“We are very pleased to start delivering projects on the framework agreement. This project adds valuable order backlog to the company, and we look forward to starting the project execution”, says Eirik Sørensen, Managing Director of PSW Power & Automation AS.
- (1) A sizeable contract is defined to be between NOK 25 million and NOK 75 million.
- (2) A substantial contract is between NOK 75 million and NOK 150 million.
- (3) A large contract is between NOK 150 million and NOK 250 million.
- (4) A very large contract is over NOK 250 million.