ABB Scores With Saudi Contract

ABB Ltd. (ABB) has been awarded a $34 million contract by the Saudi Electricity Co. for upgrading and expanding twenty distribution substations in order to strengthen its network in the western part of the country.

The goal is to improve the power factor to close to one and increase efficiency of distribution. This, in turn, will enable the national supplier to meet growing demand for electricity with minimal distribution losses.

ABB will be responsible for design, engineering, procurement, supply and commissioning of control panels. These will house capacitor banks, switchgear, protection and control equipment and Supervisory Control and Data Acquisition (SCADA) system.

The SCADA system will empower the electricity company by maintaining an even flow of electricity under its coverage area. The project is expected to be completed by the end of 2010.

An electrical substation is a subsidiary station of an electricity generation, transmission and distribution system where voltage is transformed from high to low or the reverse, using transformers. Substations generally contain one or more transformers and have switching, protection and control equipment.

ABB is a leading supplier of air- and gas-insulated substations, with an installed base of over 10,000 substations across a range of voltage levels up to 800 KV.

We maintain a bullish outlook on ABB.

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