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Construction contract in Latvia (Augstkalni wind farm foundations, electrical cables and roads)
Globenewswire· 2025-07-11 05:00
Group 1 - The joint venture PS MB.MS, consisting of UAB Merko Statyba and SIA Merko Būve, has secured a contract for the construction of foundations for 16 wind turbines in Latvia [1][2] - The contract value exceeds EUR 30 million, excluding value added tax, with a completion target set for the second quarter of 2027 [2] - UAB Merko Statyba is recognized as a leading builder of wind turbine foundations in the Baltic states, having installed over 200 foundations [3] Group 2 - SIA Merko Būve provides construction services in general and residential construction within Latvia [4] - AS Merko Ehitus operates in Estonia, Latvia, and Lithuania, focusing on building and infrastructure construction, as well as real estate development, with a reported revenue of EUR 539 million for 2024 [4]