VEO signs largest thermal power contract in its history

VEO signs largest thermal power contract in its history

Heating for around 18,000 private houses, and approximately 2,500 houses with electric heating

The power plant runs on biomass – wood chips and bark – generating district heat for the local network and electricity for the Swedish national grid.

VEO will deliver the automation and electrification for a large CHP power plant in Skövde, Sweden. The thermal output of the power plant is 38 MWth and the electric power output 8 MWe. The generation corresponds to the total annual district heating consumption of approximately 18,000 private houses, and approximately 2,500 houses with electric heating. The total value of the Skövde Värmeverk AB power plant investment is approximately EUR 40 million, and the power plant is due to commence operations at the end of 2016. 


Valmet Technologies is the main contractor of the plant. VEO’s scope of delivery will include planning and design, equipment, software, automation and instrumentation for process equipment control as well as commissioning and training – everything that is needed to monitor, control and optimize the plant’s electricity and heat generation process.

“VEOs support was of great significance when we were making export efforts
in Sweden. The end customer and we both appreciate their expertise,”

Mikael Barkar, Sales Director of Valmet, long-time partner of VEO, says.

The automation and electrification equipment is planned and manufactured in Finland

The project brings about 20 man-years of employment for VEO.

We develop automation, drives and power distribution solutions for the energy and process industries and provide our products and services to our International customers to meet their local and global needs. VEO offers an expanding and increasingly productised range of services aimed at electrifications and industrial process applications. We work globally with both new and long term customers. More than 50 % of the turnover comes from renewables.

We manufacture our control systems according to customer design specifications. Boards, panels and cubicles are our core area of expertise. Our systems are used by power plants, process industries, cranes and ships worldwide.


Electrification and automation solutions for Process industry, Distribution and Transmission, Marine electrification as well as Power Generation 

Key markets
Nordic Countries and UK

Key figures
Turnover: EUR 74 million
Growth: average growth annually 7%
Share of exports (% of turnover): 70 %
Employees: 350