As part of the refurbishments, the company’s hydropower plant in Storuman, Umluspen, will get two new turbines increasing production by 8GWh per year. Around SEK270M (US$39.8M) will be spent on the 45-year-old project starting in 2014, in a move to ensure a further 40 years of operation at the plant.

In January this year, the company completed a SEK 1B (US$147M) investment at the Akkats hydropower project in Jokkmokk.