AKVA group to deliver smolt plant in Russia for €12 million

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AKVA group Denmark, a wholly owned subsidiary of AKVA group, won the Russian tender.

AKVA group is to deliver a smolt plant to Russian Aquaculture in Murmansk, Northwest Russia. The facility has a price tag of EUR 11.9 million.

Deliveries are estimated to start in the second quarter of 2020, AKVA group reports in a stock exchange announcement on Thursday morning.

“It has been a tender and we have won it, but some things remain to be done before everything is formally in place,” said AKVA CEO group Hallvard Muri to SalmonBusiness.

Russian Aquaculture produces around 18,000 tonnes of salmon and trout on the Kola peninsula, the far northwest of Russia. Among the owners of the company are Maksim Vorobyov, the brother of the governor of Moscow. PHOTO: Russia Aquaculture

According to AKVA group, the final contract is not signed, and the process depends, among other things, on financing and approval by regular authorities in Russia.

In March, SalmonBusiness reported Russian Aquaculture’s plans to reduce dependence on Norwegian smolt imports.

In November 2018,  the Russian salmon farmer had invested EUR 10.2 million in the production of smolt in Norway. The investment went through the Russian site Øyralaks at Moltustranda, which is the owner of Villa Smolt.