Re Contract

ABB Ltd
07 January 2003


ABB wins US$ 35 million order for substations in Syria


ABB India's largest ever export order will modernize power network


Zurich, Switzerland, January 7, 2002 - ABB, the leading power and automation
technology group, said today it has won a US$ 35 million contract in Syria to
engineer and build six high-voltage substations to upgrade the country's
transmission network.


The contract, signed with the Public Establishment of Electricity for Generation
and Transmission (PEEGT), Syria's power generation and transmission utility, is
for substations in Dera, Al-Fayha, Bebila, Telhamis, North Aleppo and Sarakeb.
The substations will play an important role in improving power supply to these
towns and strengthening Syria's power network.


'ABB is in a good position to help Syria meet its growing power needs,' said
Peter Smits, head of ABB's Power Technologies division. 'Our global network of
operations enables us to deliver high-end technology in a fast and efficient
manner.'


The scope of the project includes designing, procuring, manufacturing and
supplying the equipment for six 230/66/20kV substations.


It is the largest-ever export order for ABB India. ABB will supply power
transformers, instrument transformers, outdoor circuit breakers, medium-voltage
switchgear and control and relay panels from its manufacturing facilities at
Vadodara, Nashik and Bangalore. The project is being financed by the European
Investment Bank and is scheduled for completion in two years.


This is ABB's second major substation order in Syria in the past year. In
December 2001, ABB won a US$ 17 million order from PEEGT to improve the power
supply in the industrial areas of Aleppo, Homs and Damascus.


ABB (www.abb.com) is a leader in power and automation technologies that enable
utility and industry customers to improve performance while lowering
environmental impact. The ABB Group of companies operates in more than 100
countries and employs about 146,000 people.


                      This information is provided by RNS
            The company news service from the London Stock Exchange