Feb 01 2012 |
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ABB Wins $250 Million Power Orders In Saudi Arabia
Wednesday, Feb 01, 2012
ZURICH (Dow Jones)-- Electrical engineering company ABB Ltd (ABBN.VX) Wednesday said it has won orders worth more than $250 million from the Saudi Electricity Company (5110.SA) to construct new substations and reinforce existing ones in the country to address its growing demand for electricity.
MAIN FACTS:
- The orders were booked in the fourth quarter of 2011.
- One of the new gas-insulated switchgear (GIS) substations will be located south-west of Al-Hassa in the eastern region of Saudi Arabia. It will facilitate the transmission of an additional 2,000 megawatt (MW) of electricity from a new gas-fired power plant being built next to Saudi Electricity Company 's existing Qurayyah power station.
- "The substations will enhance transmission and distribution capacity to help meet the growing need for electricity," said Peter Leupp, head of ABB's Power Systems division. "They will also help enhance reliability and improve the efficiency of the regional grid."
- ABB will also deliver a range of solutions including SCADA (supervisory control and data acquisition) as well as automation, control, protection and communication equipment compliant with the global IEC 61850 standard. This will enable remote monitoring and control of power assets located at multiple sites from SEC's power control center.
-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47; zurichdjnews@dowjones.com
(END) Dow Jones Newswires
01-02-12 1009GMT
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