Tuesday, Jan 25, 2011
ZURICH (Dow Jones)--Power and technology group ABB Ltd. (ABB) has secured orders worth $93 million to build six substations for the Saudi Electricity Co. in Saudi Arabia.
MAIN FACTS:
- The orders were booked in the fourth quarter of 2010
- As part of the turnkey contract, ABB will design, supply, install and commission six 110/13.8 kilovolt substations, which are scheduled for completion in 2012.
- ABB will also deliver equipment including gas-insulated switchgear, medium-voltage products, transformers as well as network protection and low-voltage auxiliary systems.
- Each of the substations will be equipped with the latest equipment to make them IEC 61850 compliant, an international communications standard that ensures interoperability and open communications between substation devices and other grid installations.
- "These substations will enhance power capacity and help meet growing demand for electricity in the region," said Peter Leupp, head of ABB's Power Systems division.
- "They will also enhance the reliability and efficiency of the grid," he added in a statement.
-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47; zurichdjnews@dowjones.com
(END) Dow Jones Newswires
25-01-11 1037GMT
