Friedrich Vorwerk Group SE / DE000A255F11
24.06.2024 - 07:45:06FRIEDRICH VORWERK wins major contract for the realisation of three additional sections of the South German natural gas pipeline (SEL) with a volume in the high double-digit million range
| Friedrich Vorwerk Group SE / Key word(s): Incoming Orders 24.06.2024 / 07:45 CET/CEST The issuer is solely responsible for the content of this announcement. Tostedt, June 24, 2024 – Friedrich Vorwerk Group SE (ISIN DE000A255F11), a leading provider in the field of energy infrastructure, has been awarded a major contract by gas transmission system operator terranets bw as part of a joint venture for the realisation of three additional construction sections of the South German natural gas pipeline (SEL). Last year, the equal joint venture, consisting of the FRIEDRICH VORWERK Group (Friedrich Vorwerk and Bohlen & Doyen) and the Austrian HABAU Group (PPS Pipeline Systems and HABAU), already successfully won the first, approximately 24-kilometers-long section of the transport pipeline between Heilbronn and Löchgau in Baden-Württemberg. Following its planned completion at the end of 2024, works can now continue seamlessly on the three additional sections that have been acquired, totalling 43 kilometers in length, up to Esslingen am Neckar. The latest contract awarded to the joint venture has a project volume in the high double-digit million range and is scheduled for commissioning by the end of 2025. With a total length of 250 kilometers from Lampertheim in Hesse to Bissingen in Bavaria, the "Süddeutsche Erdgasleitung" (SEL) planned by gas transmission system operator terranets bw is one of the largest pipeline construction projects in Germany. By connecting modern gas-fired power plants to the existing grid, it will secure the supply of heat and electricity and thus enable the phasing out of coal-fired power generation. As the first pipeline in the country with a connection to the European transport routes, it will transport hydrogen from 2030. The SEL will thus create important prerequisites for a CO2-neutral energy supply for the Rhine-Neckar region and the greater Stuttgart area. Construction of the pipeline will be realized in stages, depending on the specific development of demand over the next ten years. After the four construction lots with a total length of around 67 kilometers that have now been awarded, the remaining construction lots will be successively put out to tender in the coming years. In view of the need to connect numerous new gas-fired power plants to the existing natural gas network as well as the planned realisation of the 9,700 kilometers long hydrogen core network, a large number of new construction and conversion measures are currently being planned by gas transmission system operators and will soon be implemented. Thanks to its broad service and technology portfolio and decades of experience in pipeline and pipework construction, FRIEDRICH VORWERK expects demand in this area to remain strong in the future. Contact Details Friedrich Vorwerk Group SE Harburger Straße 19 21255 Tostedt Tel +49 4182 – 2947 0 Fax +49 4182 - 6155 ir@friedrich-vorwerk.de www.friedrich-vorwerk-group.de Management Board Torben Kleinfeldt (CEO) Tim Hameister Chairman of the Supervisory Board Dr Christof Nesemeier Court of Registration District Court of Tostedt, registration number: HRB 208170 24.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
| 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: | 1931027 |
| End of News | EQS News Service |
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