ABB Ltd
23 July 2003
ABB wins US$ 49 million contracts in UAE
Underground cables and substation ordered for modernization of Abu Dhabi power
infrastructure
Zurich, Switzerland, July 23, 2003 - ABB, the leading power and automation
technology group, announced today that it has won two contracts worth a total of
US$ 49 million from Abu Dhabi Water and Electricity Authority's (ADWEA) to build
an underground cable system and replace an existing substation.
The orders are the result of ADWEA's program to modernize and further develop
the emirate's transmission and distribution network in Abu Dhabi, which has been
liberalized to include privately owned electricity and water suppliers.
'These capacity improvements will help ADWEA meet the increasing demands placed
on the transmission system in Abu Dhabi.,' said Peter Smits, head of ABB Power
Technologies division. 'ABB can rapidly complete these projects by leveraging
our local know-how and industry-leading technology.'
Under terms of the first award, worth about US$ 31 million, ABB will design,
manufacture and install 85 kilometers of 132-kV-underground cable and
accessories on the island of Abu Dhabi. The project is scheduled for completion
by the end of 2005, and will expand the physical capacity and improve the
stability of Abu Dhabi's transmission system.
The second award, worth about US$ 18 million, is to design, manufacture and
install a new 132/11- kV-substation. The substation will replace an existing
facility and employ advanced gas insulated switchgear (GIS) to provide high
efficiency and reliability to the grid. In addition to 132-kV/11-kV GIS, ABB
will supply transformers and auxiliary equipment, and carry out balance-of-plant
work. The substation is scheduled for completion within 24 months.
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 135,000 people.
Media Relations:
ABB Corporate Communications, Zurich
Thomas Schmidt
Tel: +41 43 317 6492
Fax: +41 43 317 7958
media.relations@ch.abb.com
For more information please contact:
Investor Relations:
Switzerland: Tel. +41 43 317 3804
Sweden: Tel. +46 21 325 719
USA: Tel. + 1 203 750 7743
investor.relations@ch.abb.com
This information is provided by RNS
The company news service from the London Stock Exchange
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