Swedish multinational Skanska (OMX: SKA B) has got the green light to begin developing a $271m combined heat and power plant in Bradford, England.

Building work will be complete in 2016 when the Pennine Resource Recovery (PRR) will start a 25-year contract worth $1.5bn to turn Bradford’s waste into power.

Bradford CHP
PRR is made up of Skanska, FCC Environment and AECOM.

The construction phase is expected to create 300 jobs.

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