AKVA group ASA announced that with reference to the stock notice of November 20, 2020, AKVA group ASA (AKVA) is currently executing a RAS contract for Nordic Aqua Partners (NOAP) for the 4,000 tonnes (phase 1) full grow-out facility in Ningbo, China. AKVA has now been awarded a new RAS contract with NOAP for the next 4,000 tonnes (phase 2). Estimated contract value is EUR 40 million and the contract will be added to AKVA's order backlog in Quarter 1 2023.

AKVA has also signed the RAS contract for the additional 12,000 tonnes if NOAP decides to realise the project.