Norwegian construction firm Veidekke has signed a NOK92M (US$14.6M) contract to construct the Reinskar hydroelectric power plant in Gildeskaal.

The contract includes construction of a power plant, dam renovation and construction of a 3km-long tunnel system for Sjoefossen Energi. The contract price excludes VAT.

The work will start this month and should be completed by December 2008.