ABB UNIT AWARDED CONTRACTS WORTH MORE THAN $200 MILLION FOR KOREAN NUCLEAR POWER PLANTS.NORWALK, Conn.--(BUSINESS WIRE)--March 29, 1995--ABB Inc. announced today that one of its units has signed contracts worth in excess of $200 million for work on Yonggwang Units 5 and 6 (YGN YGN Yangon (Singapore) YGN Young Generation Network (European Nuclear Society) YGN Garbage Lighter (Non Self-Propelled) 5&6) to be built for Korea Electric Power This article is about Korean Electric Power Company. For the Japanese Electric Power Company, see Kansai Electric Power Company. Korea Electric Power (NYSE: KEP) is the only electric utility provider in South Korea. Corporation (KEPCO KEPCO Korea Electric Power Corporation KEPCO Kansai Electric Power Company, Inc. (Japan) KEPCO Kyushu Electric Power Company, Inc. (Japan) ) in Chonnam province on the west coast of Korea. Under the terms of the contracts, ABB n. 1. Among weavers, yarn for the warp. Hence, Noun 1. ABB - an urban hit squad and guerrilla group of the Communist Party in the Philippines; formed in the 1980s Combustion Engineering Combustion Engineering (C-E) was an innovative American engineering firm and leading firm in the development of power systems in the United States with approximately 30,000 employees in about a dozen states at its peak. Nuclear Systems will provide engineering design and components for two 1,000 MWe light water nuclear steam supply systems and associated nuclear technology based on an advanced version of its System 80R design. ABB said these awards demonstrate the success of Korea's standardization program for nuclear plants. YGN 5&6 are scheduled to go into operation in June of 2001 and 2002, respectively. YGN 5&6 will join four other plants of similar design being built for KEPCO's national grid national grid Noun Brit & NZ 1. a network of high-voltage power lines linking major electric power stations 2. the arrangement of vertical and horizontal lines on an ordnance survey map . YGN 3 is on schedule for commercial operation this week, and YGN 4 is currently ahead of schedule and expected to reach full power operation this year. Ulchin Units 3 and 4, now being built in Kyongbuk province, will follow in 1998 and 1999. System 80 is the basis and Ulchin 3&4 are the reference plants for the "Korea Standard Plant" design. KEPCO is the Republic of Korea's only electricity provider. Its operating system currently comprises 30,000 MW. ABB Combustion Engineering Nuclear Systems, of Windsor, Conn., is a subsidiary of ABB Inc. ABB (Asea Brown Boveri) Inc., headquartered in Norwalk, Conn., provides products and services for power generation, transmission and distribution; industrial processes and transportation. The company and its subsidiaries had 1994 revenues of $5.6 billion. CONTACT: Karen Armour, 203/750-2217 (office) or 203/655-9461 (residence) |
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