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Article: Skanska to Lead Construction of SEK 2 Billion Power Plant in Panama - Skanska Share Valued At SEK 1.5 Billion.
- Article from:
- Business Wire
- Article date:
- February 19, 2001
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Business Editors
STOCKHOLM, Sweden--(BUSINESS WIRE)--Feb. 19, 2001
Skanska has secured a construction contract for the Esti Hydroelectric Project in Panama.
The order is valued at a total of USD 213 M, of which Skanska has a 70.7-percent share, corresponding to USD 150 M, or approximately SEK 1.5 billion.
The Skanska-led consortium includes GE Energy Sweden AB, Alstom Power Generation AB, and SwedPower International. The customer is AES Panama.
The power plant, with a capacity of 120 MW, is scheduled to start operations in November 2003. Work has commenced at the site.
The project involves two rivers and encompasses ...