Member access

4-Traders Homepage  >  Shares  >  NASDAQ OMX NORDIC  >  Abb Ltd    ABB   CH0012221716

ABB LTD (ABB)

13
SummaryChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll news 

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

03/08/2012 | 07:08am US/Eastern

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.
Latest news on ABB LTD
2d ago ABB : wins $55 million order in UAE to help integrate solar power into the grid ..
2d ago ABB : to provide cable solution for offshore wind connection in Germany (2014 10..
6d ago ABB : doubles size of its upstream oil & gas center in Bartlesville, Oklahoma (2..
10/22 Global growth worries take shine off ABB's order surge
10/22DJADR Shares End Lower; British American Tobacco Shares Trade Actively
10/22 Roche to spend $3.2 billion on towering Basel base
10/22 Siemens sees catch-up with rivals beginning in 2018
10/22DJABB Profit Slumps as Outlook Grows Murky
10/22 ABB : delivers strong order growth in Q3. (2014 10 22)
10/22DJABB : Third-Quarter Net Profit Falls 12%
Advertisement
Chart
Duration : Period :
Abb Ltd Technical Analysis Chart | ABB | CH0012221716 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF