Salmon Evolution ASA announced that it has entered into contracts with Artec Aqua and HENT for phase 2 at Indre Haroy. Upon completion, phase 2 will add another 7,900 tonnes HOG of annual production, bringing the total planned production volume up to 15,800 tonnes HOG per annum. The project will be split into two parts, with HENT taking responsibility for civil design and construction, and Artec Aqua for design, construction and commissioning of the process facility.
HENT is one of Norway's general contractors, with over 40 years of experience in delivering large and complex construction projects to private and public stakeholders in the Nordics. Artec Aqua is a leading supplier for land-based aquaculture and was turnkey supplier for Indre Harøy phase 1. Salmon Evolution has already started with the initial groundwork which will continue over the coming months alongside project design. The project cost is currently estimated at NOK 1.6 - 1.7 billion. As communicated earlier, Salmon Evolution has secured debt and equity financing for the project. The project is subject to final investment decision by Salmon Evolution upon completion of the project design phase, expected towards the end of 2023.