The new facility, which is expected to be completed by 2023, will be run by the Norwegian company AquaCon and AKVA has just signed a deal to provide the design, equipment and engineering.
The final contract, if awarded, is expected to have a minimum value of $130 million, according to a statement released by AKVA today. AKVA will participate with €3 million in equity in the project if sufficient further financing is achieved and will also provide a convertible loan in the amount of €500,000 as bridge financing until the financing of the project has been completed.
AKVA’s participation in the project is subject to AquaCon obtaining the necessary financing for the project and agreement on a final contract.
The Health and Welfare of Atlantic Salmon course
It is vital that fish farm operatives who are responsible for farmed fish are trained in their health and
welfare. This will help to ensure that fish are free from disease and suffering whilst at the same time
promote good productivity and comply with legislation.