Re Contract

ABB Ltd 23 March 2004 ABB to power the 'Eighth Wonder of the World' Technology will provide reliable electricity supply to two artificial islands Zurich, Switzerland, March 23, 2004 - ABB, the leading power and automation technology group, said today it has signed a contract worth $30 million with the Dubai Electricity and Water Authority (DEWA) for a substation and heavy-duty gas-insulated switchgear to deliver electrical power to two man-made islands dubbed the 'eighth wonder of the world.' 'We are very pleased to help DEWA keep pace with the rapidly increasing demands for power in the United Arab Emirates,' said Peter Smits, head of ABB's Power Technologies division. 'ABB's advanced substation and switchgear solutions will ensure reliable delivery of power to this high-profile project.' Visible from space, the palm-shaped Jumeirah and Jebel Ali islands will house dozens of luxury hotels, exclusive villas and apartments, marinas, shopping malls and recreational facilities when completed in 2007. The artificial islands will be made of about 100 million cubic meters of rock and sand, and increase Dubai's shoreline by 120 kilometers. Under the terms of the contract, ABB will design, manufacture, erect, test and commission a turnkey switching station, and supply a 132 kilovolt gas-insulated switchgear, protection panels, electrical and mechanical auxiliary equipment, and 20 kilometers of 132 kilovolt XLPE cable. ABB will also take care of all necessary civil works, and complete the contract in 12 months. ABB is the worldwide leader in the field of transmission and distribution substations, with more than 2,500 substations delivered in the last ten years. 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 around 100 countries and employs about 115,000 people. This information is provided by RNS The company news service from the London Stock Exchange

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