# Veidekke to build Øygard hydropower plant

> Å Energi Vannkraft awarded Veidekke the contract for the Øygard hydropower plant in Åseral; Veidekke announced the award on 11 March 2026.

- **Source date:** 2026-03-11
- **Original source:** [Veidekke](https://www.veidekke.com/investor-relations/company-disclosures/veidekke-to-build-power-plant-for-a-energi/)
- **Reading time:** 1 min
- **Language:** en
- **URL:** https://voltformer.com/news/veidekke-2026-03-11-veidekke-to-build-power-plant-for-a-energi
- **Markdown:** https://voltformer.com/news/veidekke-2026-03-11-veidekke-to-build-power-plant-for-a-energi.md

## Reported scope and milestone

Veidekke: Å Energi Vannkraft awarded Veidekke the contract for the Øygard hydropower plant in Åseral; Veidekke announced the award on 11 March 2026.

[Veidekke](https://www.veidekke.com/investor-relations/company-disclosures/veidekke-to-build-power-plant-for-a-energi/)

## Engineering interpretation

The execution contract is worth nearly NOK 580 million excluding VAT and includes a power station at Nåvatn, a 6.6 km transfer tunnel, auxiliary tunnels and associated waterway structures. Planned generation is about 80 GWh per year; completion is scheduled for summer 2029.

[Veidekke](https://www.veidekke.com/investor-relations/company-disclosures/veidekke-to-build-power-plant-for-a-energi/)

## Delivery responsibilities

The reported construction package defines the contractor’s delivery responsibilities. Civil works, building services, installation and commissioning may sit with different contractors or joint-venture partners. The full project budget is distinct from an individual contractor’s award. Contract award, site mobilization, practical completion and operation are separate milestones; planned dates and capacity remain prospective until the owner confirms delivery. The source-defined scope therefore matters when comparing a civil contractor, a construction manager and an integrated design-and-build provider.

[Veidekke](https://www.veidekke.com/investor-relations/company-disclosures/veidekke-to-build-power-plant-for-a-energi/)

## Related company profiles

- [Veidekke](https://voltformer.com/epc-contractors/veidekke) · [Markdown](https://voltformer.com/epc-contractors/veidekke.md)

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