Germany-based Voith has entered into a contract with Norwegian energy supplier Statkraft to provide modernization services at the latter's hydropower stations in Norway.

As per the agreed terms, the company will upgrade six turbines at Statkraft’s hydropower stations located in Oevre Roessaaga, Nedre Roessaaga, Baatsvatn and Vessingfoss.

Voith Hydro president and CEO Roland Münch, commenting on the deal, said that the deal is a major milestone for the company in Norway.

"With Statkraft as our customer we have been cooperating excellently in Europe’s leading hydropower market," added Münch.

Currently, Statkraft operates around 140 hydropower stations only in Norway and has outlined plans to modernize many of its older plants over the next few years.

Norway is the sixth largest hydroelectricity producer in the world. About 99% of the nation’s electricity is generated from hydropower.