August 13rd 2019 was a historical day for Kolektor Etra. We have signed the largest contract in the history of our operations in amount of 20 mio EUR. It is a contract with Finish buyer Fingrid for the supply of 7 pieces of 400kV transformers, which will be manufactured and delivered by 2023.
Fingrid generated 852.8€ mio EUR of revenue last year and owns the entire Finnish transmission network with 66 transformers (400 and 220 kilovolt) and 116 transformer stations. It is also a member of the association of the international organization ENTSO-E, which connects 43 transmission system operators from 36 countries in Europe as well as outside of EU. It also owns 18.8% of Nord Pool, the larges energy exchange in Europe.
First two of these seven transformers will be delivered to Finland by the end of 2020.