Caruna invests MEUR 60 in a power-distribution network in Southwest Finland and Satakunta
Electricity company Caruna is improving the reliability of its electrical network and its protection from damage caused by severe weather in sparsely populated areas of Southwest Finland and Satakunta. The company’s development investments in its medium and low voltage networks amount to MEUR 60 and the work will provide direct employment for 230 people over the next three years.
To facilitate the development and renovation of the electricity distribution network, Caruna has entered into a three-year framework agreement with Eltel Networks Oy and Voimatel Oy. The network improvements will take place over a three year period and will be followed through in about 100 projects. In addition to investments in sparsely populated areas, Caruna will direct some of the measures to densely populated and urban areas by extending the distribution network with new sections and renovating the current overhead distribution network.
Overhead lines will be replaced with a total of more than 2,000 kilometres of underground cables. As well as cabling, hundreds of transformers, link boxes and other technical devices essential for electricity distribution will be installed in the network.
“In practice, our annual investments in the Finnish society of more than one hundred million euros mean that we employ a significant number of people in Finland from one year to the next, regardless of the economic situation. This broad framework agreement is part of our extensive network investments in all our areas of distribution and will provide employment for 230 people for a period of three years, while its indirect employment effects will be about double that. The purpose of these ventures is to guarantee our customers reliable electricity, whatever the weather," says Ari Koponen, Caruna’s CEO.
“The importance of electricity in our modern society is growing day by day, which is why we will need to devote much more effort to the reliability of our electrical power system in future. We are improving our network in such a way that it will function as well as possible even in very challenging weather conditions. The purpose of the extensive framework agreements is to ensure sufficient resources for our ever-growing future investments in the power network,” says Head of Asset Management Timo Jutila.
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Caruna is the largest company in Finland dedicated to the distribution of electricity. It provides power to 640,000 private and corporate customers in South, Southwest and West Finland, as well as in the city of Joensuu, the sub-region of Koillismaa and the Satakunta region. Caruna employs 340 people directly and a total of 1,500 people indirectly all over Finland. It is investing heavily in the construction of a weatherproof network and, in addition, invests about MEUR 100 annually in the development of its electrical network. Caruna is owned by Suomi Power Networks Oy, whose stakeholders are the Finnish employment pension companies Keva (12.5%) and Elo (7.5%) and the international investors in infrastructure, First State Investments (40%) and Borealis Infrastructure (40%). For more information see: www.caruna.fi