Re Contract

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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