Printer Friendly

ABB COMBUSTION SYSTEMS EXPORTS TO THAILAND WITH EDC FINANCING

ABB COMBUSTION SYSTEMS EXPORTS TO THAILAND WITH EDC FINANCING
 OTTAWA, Oct. 1 /CNW/ - The Export Development Corporation (EDC) announced today that it is providing up to US$73 million in financing to the Electricity Generating Authority of Thailand (EGAT) to assist its purchase from ABB Combustion Systems, a division of Asea Brown Boveri Inc. (Canada), of two 300 megawatt (MW) steam generating plants to be installed at EGAT's Mae Moh power project located 600 km north of Bangkok.
 ABB Combustion Systems will provide and supervise the installation of the boilers, along with related equipment, services, and spare parts, in Units 12 and 13 of the Mae Moh project, to expand the generating capacity of the existing facility to 2625MW. ABB Combustion Systems' contract is expected to generate some 2,700 person-years of employment in Canada during a period of almost four years. Earlier, Combustion Engineering Canada Inc., now ABB Combustion Systems, won contracts to supply Units 5 to 11 of the project with the support of EDC financing.
 Since the amalgamation of Combustion Engineering Canada Inc. and Asea Brown Boveri Inc. of Canada in 1990, ABB Combustion Systems has become one of the leading Canadian manufacturers of steam generating plants.
 EDC is a unique financial institution that specializes in helping Canadian exporters compete internationally. EDC facilitates trade and investment through the provision of risk management services, including insurance and financing, to Canadian companies and their global customers.
 For further informmation: Media Relations Office, Corporate Communications Department, (613) 598-2904
 -0- 10/01/92


CO: EXPORT DEVELOPMENT CORPORATION -- c0037 -- X992 10/01/92
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 1, 1992
Words:261
Previous Article:NEWTEL ENTERPRISES LIMITED
Next Article:THE TORONTO STOCK EXCHANGE - MIDDAY MARKET SUMMARY FOR OCTOBER 1 92
Topics:


Related Articles
ABB Asea Brown Boveri to acquire C-E, Inc.
ABB'S U.S. RESULTS TURN AROUND IN 1991
$270 MILLION VENEZUELAN POLYETHYLENE PLANT TO BE BUILT BY ABB UNIQUE PROJECT FINANCING PACKAGE
ABB IN CONSORTIUM TO BUILD $300 MILLION COGENERATION PLANT
ABB RECEIVES $40 MILLION CONTRACT FOR COGENERATION PLANT IN NEW JERSEY
LIBERTY TECHNOLOGIES, INC. SIGNS AGREEMENT WITH ABB FOR AOV TESTING EQUIPMENT LICENSING
Export Development Corporation Installs ACBS(R) Commercial Banking System
Asbestos liability claims hit ABB group.
Business in Asia Today -- June 30, 2003.
Export Development Canada launches permanent GCC representation.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters