FRIEDRICH VORWERK wins major contract for the realization of large sections of the EWA natural gas transmission pipeline in the high double-digit million range
|
EQS-News: Friedrich Vorwerk Group SE
/ Key word(s): Incoming Orders
FRIEDRICH VORWERK wins major contract for the realization of large sections of the EWA natural gas transmission pipeline in the high double-digit million range Tostedt, 14 November 2024 – Friedrich Vorwerk Group SE (ISIN DE000A255F11), a leading provider in the field of energy infrastructure, has been awarded a major contract by transmission system operator Open Grid Europe (OGE) as part of a joint venture for the realization of one of two construction lots of the EWA natural gas transmission pipeline. The contract for the approximately 24 km long section has a total volume in the high double-digit million range and will be realized by a joint venture consisting of the FRIEDRICH VORWERK Group (Friedrich Vorwerk and Bohlen & Doyen) and the Austrian HABAU Group (PPS Pipeline Systems and HABAU). Following the acquisition of significant parts of the Süddeutsche Erdgastransportleitung (SEL) in June, the joint venture has thus secured its next major project, ensuring a sustainably high utilization of the specialized capacities in the pipeline construction sector. The underground natural gas transport pipeline EWA planned by the transmission system operator Open Grid Europe runs between the natural gas storage facility in Etzel and the compressor station in Wardenburg. Along a distance of around 60 km, it will transport natural gas from the LNG terminal in Wilhelmshaven to the German long-distance gas grid. Initial work has already begun, with commissioning planned for the end of 2025. The pipeline forms the first section of the planned Etzel-Wardenburg-Drohne pipeline. The second, directly adjacent section from Wardenburg in Lower Saxony to Drohne in North Rhine-Westphalia (WAD) covers a length of around 90 km and is to be realized immediately after completion of the EWA by the end of 2026. The WAD is also scheduled to be awarded at short notice. The entire Etzel-Wardenburg-Drohne transmission pipeline will make an important contribution to Germany's sustainable security of supply and the energy transition, as it is already designed for the transport of hydrogen. In view of the need to connect numerous new gas power plants to the existing natural gas grid as well as the planned realization of the 9,040 km long hydrogen core network (“Kernnetz”), a large number of different new construction and conversion measures are currently being planned by the gas transmission network operators and will soon be implemented. Due to its broad service and technology portfolio and decades of experience in the field of qualified pipeline construction, FRIEDRICH VORWERK expects demand in this area to remain strong in the future. Contact Details Friedrich Vorwerk Group SE Management Board Chairman of the Supervisory Board Court of Registration
14.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Friedrich Vorwerk Group SE |
| Harburger Straße 19 | |
| 21255 Tostedt | |
| Germany | |
| E-mail: | ir@friedrich-vorwerk.de |
| Internet: | www.friedrich-vorwerk-group.de |
| ISIN: | DE000A255F11 |
| WKN: | A255F1 |
| Listed: | Regulated Market in Frankfurt (Prime Standard) |
| EQS News ID: | 2029363 |
| End of News | EQS News Service |
|
|
2029363 14.11.2024 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.