Contracts Blog

Caverion Corporation Announces Fingrid Selection

Caverion Corporation announced today that Fingrid has chosen them as the contractor for the modernisation of the Vuolijoki substation in Kajaani, Finland.

Caverion Corporation Announces Fingrid Selection


The project, which has a total value of approximately EUR 15 million, includes the expansion of the current 400 kV and 110 kV assembly and the renewal of the safety and control system.

The modernisation of the substation is part of an investment project to strengthen the so-called Lake Line and increase the north-south electricity transmission capacity in Finland. It is expected to benefit the residents of the Kainuu region, enabling investments in industry and production.

Elina Engman, Head of Caverion Industry division, stated, "Securing power transmission is a vitally important function for the entire society. We are proud to offer our solid expertise to Fingrid, the company responsible for the Finnish main grid. It is important to us to be involved in securing operational reliability as power transmission increases. We thank Fingrid for their trust in our expertise."

The project will start in August 2023 and is expected to be completed in February 2026. Caverion Corporation provides advanced and sustainable life cycle solutions for buildings and industries, with a revenue of approximately EUR 2.7 billion in 2022. They have over 17,000 employees in 12 countries in Northern, Central and Eastern Europe, and their shares are listed on Nasdaq Helsinki Oy.