ABB UNIT RECEIVES CONTRACTS WORTH $60 MILLION TO PROVIDE TRANSMISSION EQUIPMENT
ABB UNIT RECEIVES CONTRACTS WORTH $60 MILLION
TO PROVIDE TRANSMISSION EQUIPMENT
STAMFORD, Conn., Dec. 17 /PRNewswire/ -- Asea Brown Boveri Inc. (ABB) announced today that a unit has received two contracts worth a total of approximately $60 million to provide electrical transmission equipment in the western United States.
ABB Power Systems has a turnkey contract, valued at about $46 million, from the Bonneville Power Administration (BPA) to provide two Static Var Compensators (SVC) to be located near Portland, Ore., and Seattle that will improve voltage stability and help prevent blackouts during winter peak load periods. This award represents the largest order ever placed worldwide for SVC equipment.
The Alaska Energy Authority has also awarded a turnkey contract to ABB Power Systems for two SVC systems to be installed on the Kenal Peninsula, southwest of Anchorage. These are to improve the capacity and stability of the peninsula's transmission system because additional power generated by the recently commissioned Bradley Lake Hydroelectric Project has increased its use. This contract has a value of approximately $14 million.
The reactive power compensation technology employed in these SVC systems is a key to the improvement of transmission capacity and voltage stability of new and existing power grids.
Asea Brown Boveri Inc. provides products and services for the power, process, industrial automation, environmental control, mass transit and other markets. The company and its subsidiaries have sales of approximately $6 billion and some 30,000 employees in the United States.
/CONTACT: Karen Armour of Asea Brown Boveri, 203-328-2217, or home, 203-655-9461/ CO: Asea Brown Boveri Inc. ST: Connecticut IN: SU: CON
KD -- NY046 -- 2949 12/17/91 12:19 EST