Skanska sells 50 percent equity interest in the Ponte de Pedra power plant

The Ponte de Pedra plant, entered service in September 2005 and its concession runs until 2034 with a possible 20-year renewal.

Photo: Skanska sells 50 percent equity interest in the Ponte de Pedra power plant

Skanska, is a multinational construction and development company based in Sweden, where it's also the largest construction company.

Skanska is a local player in many countries. Primary markets are the Nordic region, the US, UK, Central Europe and Latin America. The Group’s operations are based on local business units, which have good knowledge of their respective markets, customers and suppliers.

These local units are backed by Skanska’s common values, procedures, financial strength and Groupwide experience. Skanska is thereby both a local construction company with global strength and an international builder with strong local roots. Skanska has constructed the new public hospital in Malta, a project which cost around $USD 1 billion.

Skanska’s mission is to develop, build and maintain the physical environment for living, traveling and working. Skanska aims to be a leader in its home markets.

Today Skanska operates in four business streams; construction, residential development, commercial development and infrastructure development. The company’s overall goal is to generate customer and shareholder value. Projects are the core of Group operations and value is generated in well-implemented and profitable projects. Generally, there are several thousand ongoing projects.

Skanska has a common set of values would wide and published in their Code of Conduct .

Revenue in 2006 amounted to SEK 125.6 billion. Skanska Group operating income totaled SEK 4.985 billion, and after-tax profit was SEK 3.655 billion. Earnings per share amounted to SEK 8.68. The Group had 2006 an average of 56,805 employees. The Skanska Group has its head quarter in Solna, Sweden.

Source: agencies