ABB Ltd
03 September 2003
ABB: US$ 59 million order to help UAE meet energy demand
High-tech systems to modernize power distribution infrastructure in Abu Dhabi
Zurich, Switzerland, September 3, 2003 - ABB, the leading power and automation
technology group, said today it has won two contracts worth US$ 59 million to
upgrade and expand electric power transmission and distribution in the United
Arab Emirates.
The contracts, signed with Abu Dhabi Water and Electricity Authority (ADWEA),
are designed to meet the growing demand for energy in the UAE.
'The speed with which we can complete this complex project was the key factor in
winning this contract,' said Peter Smits, head of ABB's Power Technologies
division.
The first contract includes the supply of around 50 pre-engineered and
self-contained 33/11kV distribution substations, which will speed up delivery
time. The package includes 386 medium-voltage switchgear panels and 20
transformers.
The second contract comprises the delivery of five 33/11kV distribution
substations that incorporate the latest technology in control, protection and
monitoring systems, 250 air- and gas-insulated switchgear panels, as well as 25
distribution transformers.
The first units will be delivered in seven months, and the contracts finalized
in 20 months.
It is the latest in a series of orders from the United Arab Emirates. The most
recent was a US$ 49 million contract last month with ADWEA for an underground
cable system and the replacement of an existing substation in Abu Dhabi.
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 133,000 people.
This information is provided by RNS
The company news service from the London Stock Exchange
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