Veidekke wins Offerdal hydropower construction contract
Sognekraft and Veidekke signed a target-price contract for the Offerdal hydropower project, announced on 19 March 2026.
- Publish date: 2026-03-19
- Category: EPC Contractors
- Original source: Veidekke
- Reading time: 1 min
Reported scope and milestone
Veidekke: Sognekraft and Veidekke signed a target-price contract for the Offerdal hydropower project, announced on 19 March 2026.
Engineering interpretation
The NOK 525 million contract covers two plants, one underground with two turbines and one surface installation, along with a nearly 6.5 km tunnel system and reservoirs. Planned generation is about 100 GWh annually; power production is expected toward end-2028.
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.