29. 11. 2016 Končar - Generators and Motors Inc. company has signed on November 29, 2016, a contract with Czech company ČKD Blansko Holding A.S. for G1 generator revitalization on HPP Vässinkoski in Sweden.

The scope of generator revitalization contract is comprised of disassembly, reinsulation of poles, delivery of lower bracket and bearing collar, stator cleaning, spare parts' delivery, assembly and commissioning.
Vässinkoski power plant is located on the river Oreälven i central Sweden in between the cities of Orsa and Sveg. The plant has one 10 MVA and 333,3 rpm vertical generator which is connected to the Francis turbine with a 45 meter long shaft.
Končar Group is cooperating with ČKD Blansko company (one of the largest turbine producers in Europe) on another project as well: El Chaparral power plant in El Salvador where Končar - Power Plant and Electric Traction Engineering Inc. (KET) is a subcontractor for ČKD while Končar - Generators and Motors Inc. scope of work includes production of two new generators and Končar – Electronics and Informatics Inc. is delivering static excitation system.
Končar GIM's final customer on HPP Vässinkoski project is a daughter company of a very well know Finnish company Fortum Power and Heat Oy, being one of the largest producers of electric power in Scandinavia and is the owner of more than 200 hydro power plants in Sweden.
Končar – Generators and Motors Inc. currently has 7 active projects in Sweden and by signing this contract, Sweden is once again confirmed as one of Company's most important markets.