Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

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


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
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.


- 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
Latest news on ABB LTD
06/23 ABB : doubles voltage level of special wind turbine transformer
06/22 ABB : microgrid to power Aruba and support transition to renewable energy
06/21 ABB INDIA : over 2% over talks of buying out L&T’s electrical business
06/21 ABB share rise on talks of L&T`s electrical business buyout
06/15 ABB : solidifies its position as a technological leader
06/15 ABB : extends its groundbreaking eco-efficient switchgear portfolio
06/15 ABB : German utility gives green light to AirPlus
06/15 ABB : Dutch pilot project proves suitability of eco-efficient AirPlus insulation..
06/15 ABB : delivers DolWin2 wind connection
06/12 ABB : opens comprehensive UPS test center
More news
Sector news : Heavy Electrical Equipment - NEC
06/26DJIn Unilever's Radical Hiring Experiment, Resumes Are Out, Algorithms Are In
06/23 Tesla moves a step closer to building electric cars in China
06/22DJGENERAL ELECTRIC : Bulked-Up GE Is Player at Air Show -- WSJ
06/21DJUnilever CMO Says Marketers Must Take More Responsibility for Brand Safety
More sector news : Heavy Electrical Equipment - NEC
Financials ($)
Sales 2017 33 834 M
EBIT 2017 3 967 M
Net income 2017 2 518 M
Debt 2017 1 469 M
Yield 2017 3,09%
P/E ratio 2017 21,53
P/E ratio 2018 19,24
EV / Sales 2017 1,71x
EV / Sales 2018 1,62x
Capitalization 56 277 M
More Financials
Duration : Period :
ABB Ltd Technical Analysis Chart | ABB | CH0012221716 | 4-Traders
Full-screen chart
Technical analysis trends ABB LTD
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus HOLD
Number of Analysts 25
Average target price 23,8 $
Spread / Average Target -6,2%
Consensus details
EPS Revisions
More Estimates Revisions
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 LTD15.07%55 995
ABB LTD14.39%55 995
ALSTOM22.12%7 858
ABB INDIA LTD38.00%4 744
CHINA XD ELECTRIC CO.,..-2.69%4 073
More Results