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-Bore Tech signs frame agreement with Norwegian utility.

NORDIC BUSINESS REPORT-September 8, 2011--Bore Tech signs frame agreement with Norwegian utility(C)2011 M2 COMMUNICATIONS

8 September 2011 - Swedish provider of renewable energy technology Bore Tech AB (STO:BORE), formerly Borevind AB, said Thursday it signed a frame deal to supply hydropower plant equipment to Norwegian utility Fusa Kraftlag AS.

No financial details were available.

The deal covers supply of turbines, generators and control systems for facilities up to 3.5 MW. It runs for four years and the customer has the option to extend it by another two years.

The agreement was signed via Bore Tech's subsidiary Energi Teknikk AS in Norway, which also received the first order under it.

Energi Teknikk will supply a 0.7 MW horizontal Pelton turbine with a generator and control system to Bratthus Kraftverk in the southwestern county of Hordaland.

Currently, Fusa Kraftlag owns four hydropower plants and plans to build another six by 2015.

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Publication:Nordic Business Report
Date:Sep 8, 2011
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