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Skanska gets $78 million power plant contract in the U.S Power and Energy

09 Jul 2014| Posted by Morris | In Power and Energy

Skanska has inked an engineering, procurement and construction contract for a combined power plant with an existing power client in the Midwest region of the United States. The project’s total cost is $127 million, about SEK 825 million. Skanska will incorporate its 60 per cent stake of the project value, $78 million, about SEK 510 million, in order bookings for Skanska USA Civil for the third quarter of 2014.

The Skanska-led joint venture project with Burns & McDonnell, involves the engineering, procurement and construction of a new gas turbine for power generation and a heat recovery steam generator for steam production.

The project initiated in June 2014 is likely to be completed in July 2017.

Skanska USA is one of the main development and construction companies in the country, comprises of four business units: Skanska USA Building, which specializes in building construction; Skanska USA Civil, specialized in civil infrastructure; Skanska Infrastructure Development North America, which develops public-private partnerships; and Skanska USA Commercial Development, which develops commercial projects in select U.S. markets. Headquartered in New York, Skanska USA has more than 9,600 employees and its 2013 revenues were SEK 43.5 billion.

Skanska AB may be required to reveal the information provided herein pursuant to the Securities Markets Act.

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