Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  ABB Ltd.    ABB   CH0012221716

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

ABB Wins $60 Million Order To Build Power Station In Iraq

share with twitter share with LinkedIn share with facebook
share via e-mail
0
03/08/2012 | 12:08pm CET

Power and technology group ABB Ltd (ABBN.VX) Thursday said it has won a $60 million order from Shell Gas Iraq BV to build a new power plant in southern Iraq.

MAIN FACTS:

- The power plant will be operated by the Basrah Gas Company, a joint venture company to be set up as part of the Iraq, South Gas Project.

- The project includes the rehabilitation of the existing facilities and addition of new facilities.

- "This project will ensure a stable and reliable power supply to support existing and future infrastructure," said Veli-Matti Reinikkala, head of ABB's Process Automation division.

- "ABB's capability to fully execute all aspects of this complex project will help provide the Basrah Gas Company with the electricity it needs to successfully power its complete production process," Reinikkala added.

- The Khor Al Zubair project is part of an EPC (engineering, procurement and construction) contract to build a power plant with a total capacity of 50 megawatt (>> The Men's Wearhouse, Inc.), which will feed electricity to the facilities of the Basrah Gas Company.

- ABB will be responsible for the overall project management, engineering, procurement, construction, supervision, commissioning and start-up services, as well as performance.

- The plant is scheduled for completion in the third quarter of 2013.

- ABB's will supply process control systems, fire and gas, and emergency shutdown systems, power management systems, step-up and distribution transformers, medium- and low-voltage power equipment, and site utilities such as the diesel generator, flare control and compressed air system.

-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47; zurichdjnews@dowjones.com

Stocks mentioned in the article : The Men's Wearhouse, Inc.
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on ABB LTD.
12/01 ABB : Global Power System State Estimator Market - ABB Ltd, Alstom SA, CYME Inte..
11/22 ABB INDIA : and IIT Madras to develop microgrid models for electricity in remote..
11/21 ABB : wins multiple orders to protect critical power grid assets in the US
11/16 ABB wins order to supply transformers to Indian Railways
11/15 ABB wins order to supply 1,600 transformers to support railway expansion in I..
11/15 ABB : wins order to supply 1600 tansformers to support railway expansion in Indi..
11/15 ALSTOM : ABB wins order to supply 1600 transformers to support railway expansion..
11/09 Low Voltage Cable Market worth 147.3 Billion USD by 2020, at a CAGR of 7.0%
11/07 Cable and Accessories Market worth 202.07 Billion USD by 2021,growing at a CA..
11/07 BUYINS.NET : ABB SqueezeTrigger Price is $20.78. There is $79,810,948 That Short..
More news
Sector news : Heavy Electrical Equipment - NEC
11/10DJAlstom CEO Sees Positive Effect on Trump's Promises on Infrastructure -- Upda..
11/09DJCorrection to Alstom CEO Says Trump Win Could Be Good for Train Makers Articl..
11/09DJALSTOM : CEO Says Trump Win Could Be Good for Train Makers
11/09DJCorporate Winners and Losers Emerge After Trump Win
11/02 Alstom-Bombardier sole bidder for $3.3 billion French train contract
More sector news : Heavy Electrical Equipment - NEC
Advertisement
Financials ($)
Sales 2016 34 076 M
EBIT 2016 3 678 M
Net income 2016 2 069 M
Debt 2016 2 078 M
Yield 2016 3,69%
P/E ratio 2016 21,07
P/E ratio 2017 18,13
EV / Sales 2016 1,40x
EV / Sales 2017 1,39x
Capitalization 45 676 M
More Financials
Chart ABB LTD.
Duration : Period :
ABB Ltd. Technical Analysis Chart | ABB | CH0012221716 | 4-Traders
Full-screen chart
Technical analysis trends ABB LTD.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus 
Mean consensus HOLD
Number of Analysts 29
Average target price 21,9 $
Spread / Average Target 6,2%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Ulrich Spiesshofer President & Chief Executive Officer
Peter R. Voser Chairman
Eric A. Elzvik Chief Financial Officer
Andy Tidd Head-Information Systems
Bazmi Rizwan Husain Chief Technology Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ABB LTD.22.97%45 676
ABB LTD.15.37%45 676
SHANGHAI ELECTRIC GROU..-27.04%14 231
ALSTOM-8.84%5 954
CHINA XD ELECTRIC CO.,..0.00%4 483
ABB INDIA LTD-5.82%3 270
More Results