ABB Ltd
21 July 2004
ABB wins $96 million contract in Poland
Compressor station will complete key part of Yamal-Europe gas pipeline.
Zurich, Switzerland, July 21, 2004 - ABB, the leading power and automation
technology group, said today it has won a contract worth $96 million from Polish
investor Europol Gaz and pipeline contractor Bartimpex to construct a fifth
compressor station along the Yamal-Europe natural gas pipeline.
ABB will build the turnkey compressor station incorporating three 25 MW turbo
compressor units near the Polish city of Zambrow. The project scope also
includes ABB products for control, automation, and electro-technical systems,
plus full project management services including design, procurement, systems
assembly and commissioning.
'We are pleased to play a continuing role in the development of this important
energy link,' said Dinesh Paliwal, head of ABB's Automation Technologies
division. 'Blending ABB automation technologies with our expertise in oil and
gas processes, we are helping to bring new capacity and reliability to the
Yamal-Europe pipeline.'
This latest contract follows a $190 million award to ABB in early 2004 for
construction of two compressor stations near the cities of Szamotuly and
Ciechanow. The Zambrow station, set for start-up at the end of 2005, will
complete the Polish pipeline section, helping to boost annual capacity from its
current 20 billion cubic meters (BCM) to nearly 33 BCM.
The Yamal-Europe transit pipeline spans some 4,000 kilometers, connecting rich
natural gas deposits on Russia's Yamal Peninsula with Western Europe.
ABB (www.abb.com) is a leader in power and automation technologies that enable
utility and industry customers to improve performance while lowering their
environmental impact. The ABB Group of companies operates in around 100
countries and employs about 113,000 people.
This information is provided by RNS
The company news service from the London Stock Exchange
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