"Dalekovod jsc received a letter of intent from Norwegian Statnett, a renowned transmission system operator, which approves preliminary start of work on project for the construction of 420kV transmission lines Tonstad - Ertsmyra - Kvinesdal and 525 kV transmission Ertsmyra - Vollesfjord and decommission of existing 300 kV transmission line Feda - Tonstad I," reads the press release.
The total value of those two contracts has been put at 100 million euros.
"The final investment decision will be reached by Statnett's Board of Directors by the end of May 2015."
Earlier this year, the Norwegian company announced its plans to award Dalekovod the contract for the construction of the transmission line Tonstad-Ertsmyra-Kvinesdal and the transmission line Ertsmyra-Vollesfjord, and the decommission of the existing transmission line Feda-Tonstad I. After evaluation, Dalekovod's bid was marked as the best according to criteria.
Earlier in 2015, Dalekovod signed a EUR 7 million contract with Norway's electricity distributor BKK NET AS.