Units of oil company Hess Corp. and private equity firm Energy Investors Funds picked construction companies SNC-Lavalin Group of Canada and Skanska AB of Sweden to build a power plant in New Jersey. The facility, called the Newark Energy Center, is a 655-megawatt natural gas-fired combined cycle power plant expected to enter service in 2015. The plant will cost about $750 million, according to local reports.
(Reuters) – Units of oil company Hess Corp and private equity firm Energy Investors Funds picked construction companies SNC-Lavalin Group Inc of Canada and Skanska AB of Sweden to build a power plant in New Jersey.
The facility, called the Newark Energy Center, is a 655-megawatt natural gas-fired combined cycle power plant expected to enter service in 2015.
The plant will cost about $750 million, according to local reports.
SNC-Lavalin said in a release that it would provide the engineering, procurement, startup and commissioning services, while Skanska is responsible for construction and site management.
The plant will use General Electric Co’s F class gas turbines.
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