Brazilian power plant

Skanska BOT AB has acquired a 35% interest in a newly formed company that will build, own and operate the Breitener Energetica power plant in Brazil. The investment amounts to USD 18 million. At the same time, Skanska’s Argentine subsidiary, Sade Skanska, is being awarded a construction contract valued at USD 25 million. The total contract amounts to USD 62 million, of which Sade Skanska’s share is 40%. The order is included in order bookings in the second quarter of 2002. The power plant is being built by Sade Skanska in a consortium with Arcadis Logos of the Netherlands, and two Brazilian companies, EIT and Orteng. The latter three companies are also part-owners in Breitener Energetica, holding a combined interest of 35%, with Brazilian Petrobras holding 30%. The Breitener power plant, which will have a capacity of 153mw, is being built in the city of Fortaleza in the state of Ceara. Construction has been started and it is expected that production of electricity can begin in October 2002.

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