Skanska wins $255m contract to build CPV Valley Energy Center in New York, US

2 July 2015 (Last Updated July 2nd, 2015 18:30)

US-based Competitive Power Ventures (CPV) has awarded a SEK2.1bn ($255m) contract to Skanska for CPV Valley Energy Center in Wawayanda, New York.

US-based Competitive Power Ventures (CPV) has awarded a SEK2.1bn ($255m) contract to Skanska for CPV Valley Energy Center in Wawayanda, New York.

The natural gas-fired combined cycle power generation facility will be developed by the Swedish company Skanska in a joint venture with Burns & McDonnell and Ecco Enterprises.

Once commissioned, the 675MW power-generating facility will be able to meet the energy requirements of more than 600,000 homes in the US.

The deal will be included in Skanska USA Civil’s second quarter order bookings for the year.

"Once commissioned, the 675MW power-generating facility will be able to meet the energy requirements of more than 600,000 homes in the US."

The American unit of the firm is expected to start construction of the power facility from this month.

Completion of the combined cycle power plant has been scheduled for 2017.

CPV Valley Energy Center is being developed, as wel as Interstate 84 on an industrially-approved 122 acre area.

The facility is being developed to meet the rising power demands in the region. It will be equipped with two gas turbines and one steam turbine.

The project will employ dry-cooling and environmental control technology, which will make it one of the cleanest conventional electric generating projects in the world when commissioned.

In June, CPV and its partner Diamond Generating had closed financing from MUFG Union Bank and Crédit Agricole Corporate and Investment Bank for the facility.