# Veidekke wins Offerdal hydropower construction contract

> Sognekraft and Veidekke signed a target-price contract for the Offerdal hydropower project, announced on 19 March 2026.

- **Source date:** 2026-03-19
- **Original source:** [Veidekke](https://www.veidekke.com/investor-relations/company-disclosures/veidekke-to-build-offerdal-hydropower-project/)
- **Reading time:** 1 min
- **Language:** en
- **URL:** https://voltformer.com/news/veidekke-2026-03-19-veidekke-to-build-offerdal-hydropower-project
- **Markdown:** https://voltformer.com/news/veidekke-2026-03-19-veidekke-to-build-offerdal-hydropower-project.md

## Reported scope and milestone

Veidekke: Sognekraft and Veidekke signed a target-price contract for the Offerdal hydropower project, announced on 19 March 2026.

[Veidekke](https://www.veidekke.com/investor-relations/company-disclosures/veidekke-to-build-offerdal-hydropower-project/)

## 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.

[Veidekke](https://www.veidekke.com/investor-relations/company-disclosures/veidekke-to-build-offerdal-hydropower-project/)

## 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-offerdal-hydropower-project/)

## Related company profiles

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

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