Power

The Power segment provides network maintenance and fault repair services, upgrade work and project business mainly to national and regional transmission system operators and power distribution network owners.

The majority of this business consists of upgrades and projects. Upgrades are typically completed within a few months, whereas project contracts normally last for two to three years. The average length of frame agreements is three to five years.

This segment operates in the Nordics, Poland, Germany and the UK and its business is characterised by long-term customer relationships. Demand in the sector is typically driven by increased power network availability, capacity requirements and regulatory demands rather than by GDP.

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