Skanska announced it has signed an engineering, procurement and construction (EPC) contract for a co-generation plant with an existing power client in the Midwest U.S. The total project value is USD 127 million. Skanska will include its 60 percent share of the project value, USD 78 million, in order bookings for Skanska USA Civil for the third quarter of 2014.
The project, which is a Skanska-led joint venture with Burns & McDonnell, includes the engineering, procurement and construction of a new gas turbine for power generation and a heat recovery steam generator for steam production.
Work will commence in June 2014 with anticipated completion in July 2017.