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 newsTweets 

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 CEST

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; [email protected]

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.
04/27 ABB : Data on Farming Reported by Researchers at ABB Ltd (Fault ride through cap..
04/27 ABB : Findings from ABB Ltd in the Area of Metals Research Reported (Application..
04/27 ABB : presents compact uninterruptible power distribution solution to support mi..
04/26 ABB LTD (ADR) (NYSE : ABB), International Business Machines Corp (NYSE:IBM) Join..
04/26 ABB PRESENTS EKIP UP : digital unit to upgrade existing low-voltage systems
04/25 ABB : fast charging technology in UK for first for electric buses
04/25 ABB : gets smart with manufacturing at Hanover
04/25 ABB : writes the next chapter in pioneering high voltage direct current technolo..
04/24 ABB AT HANNOVER MESSE 2017 : Showcasing customer value in the digital age
04/23 ABB : Ability™ Smart Sensor now available for the European market
More news
Sector news : Heavy Electrical Equipment - NEC
04/25 Thyssenkrupp sees internet-connected elevators giving profits a lift
04/21DJUnilever, Nestlé Bog Down in U.S. -- WSJ
04/20DJUnilever and Nestle Struggle with Cautious US and European Consumers -- Updat..
04/20DJUnilever Posts Stronger 1Q Underlying Sales--Update
04/20DJUnilever Posts Stronger 1Q Underlying Sales
More sector news : Heavy Electrical Equipment - NEC
Advertisement
Financials ($)
Sales 2017 33 669 M
EBIT 2017 3 941 M
Net income 2017 2 436 M
Debt 2017 1 143 M
Yield 2017 3,19%
P/E ratio 2017 21,19
P/E ratio 2018 18,71
EV / Sales 2017 1,65x
EV / Sales 2018 1,58x
Capitalization 54 288 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
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus 
Mean consensus HOLD
Number of Analysts 27
Average target price 23,4 $
Spread / Average Target -4,3%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
Ulrich Spiesshofer President & Chief Executive Officer
Peter R. Voser Chairman
Timo Ihamuotila 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.11.57%54 288
ABB LTD.12.76%54 288
SHANGHAI ELECTRIC GROU..0.00%14 184
ALSTOM11.37%6 977
ABB INDIA LTD33.89%4 648
CHINA XD ELECTRIC CO.,..7.71%4 516
More Results