ABB Power Grids wins orders totaling $842 million
Zurich, Switzerland, January 25, 2017
ABB’s Power Grids division has won a $27 million order in the Philippines, the latest in a series of 4 orders to deliver state-of-the-art power technology in 3 continents. The 4 orders, all booked in December 2016, are collectively worth $842 million and feature ABB’s high-voltage direct current (HVDC) technology. They will bring reliable electricity to more than 110 million people.
The biggest order (worth $640 million) is a 1,800 kilometer link that connects south India and central India and will bring electricity to 80 million people. The second order (worth $100 million) is for upgrading an existing HVDC link between Southern California and the Pacific Northwest. The third order (worth $75 million) is an order in Brazil that connects north Brazil to the southeast and provides electricity for more than 10 million people.
ABB is the global market leader and partner of choice for stronger, smarter and greener grids around the world as it supports utilities and grid operators to take advantage of the Energy and Fourth Industrial Revolutions. ABB’s Power Grids division, which will deliver the projects, is number one in the world in the segment.
HVDC is a technology pioneered by ABB more than 60 years ago. ABB has been awarded about 110 HVDC projects, which represents a total installed capacity of more than 120,000 MW and accounts for around half the global installed base.
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Contact: Media Relations, media.relations@ch.abb.com, +41 43 317 65 68
ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. Continuing more than a 125-year history of innovation, ABB today is writing the future of industrial digitalization and driving the Energy and Fourth Industrial Revolutions. ABB operates in more than 100 countries with about 135,000 employees. www.abb.com
