ABB Ltd
19 January 2004
ABB wins US$ 190 million contract in Poland
New compressor stations will boost natural gas delivery from Russia's Yamal
Peninsula
Zurich, Switzerland, January 19, 2004 - ABB, the leading power and automation
technology group, said today it has signed contracts worth US$ 190 million with
the Polish investor Europol Gaz and pipeline contractor Bartimpex for
construction of two compressor stations along the Yamal-Europe natural gas
pipeline.
ABB will build two turnkey compressor stations near the Polish cities of
Ciechanow and Szamotuly, each incorporating three 25 MW turbo compressor units.
The contracts also include ABB products for control, automation, and
electro-technical systems, and full project management services including
design, procurement, systems assembly and commissioning.
'This project demonstrates an excellent blend of our expertise in automation
products and customer processes in the oil and gas sector,' said Dinesh Paliwal,
head of ABB's Automation Technologies division. 'We are delighted to play a key
role in this important link for meeting European energy needs.'
The Yamal-Europe transit pipeline spans some 4,000 kilometers, connecting rich
natural gas deposits on Russia's Yamal Peninsula with Western Europe.
Two initial compressor stations along the Polish section have been in operation
for three years. The current investment in new stations will help boost annual
pipeline capacity from its current 20 billion cubic meters (BCM) to nearly 33
BCM. Construction of the two new compressor stations will start early this year
and is scheduled for completion in mid 2005.
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 120,000 people.
This information is provided by RNS
The company news service from the London Stock Exchange
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