ABB wins US$ 35 million order for substations in Syria

ABB India’s largest ever export order will modernize power network

Zurich, Switzerland, January 7, 2003 - ABB, the leading power and automation technology group, said today it has won a US$ 35 million contract in Syria to engineer and build six high-voltage substations to upgrade the country’s transmission network.

The contract, signed with the Public Establishment of Electricity for Generation and Transmission (PEEGT), Syria’s power generation and transmission utility, is for substations in Dera, Al-Fayha, Bebila, Telhamis, North Aleppo and Sarakeb. The substations will play an important role in improving power supply to these towns and strengthening Syria's power network.

"ABB is in a good position to help Syria meet its growing power needs," said Peter Smits, head of ABB’s Power Technologies division. "Our global network of operations enables us to deliver high-end technology in a fast and efficient manner."

The scope of the project includes designing, procuring, manufacturing and supplying the equipment for six 230/66/20kV substations.

It is the largest-ever export order for ABB India. ABB will supply power transformers, instrument transformers, outdoor circuit breakers, medium-voltage switchgear a nd control and relay panels from its manufacturing facilities at Vadodara, Nashik and Bangalore. The project is being financed by the European Investment Bank and is scheduled for completion in two years.

This is ABB’s second major substation order in Syria in the past year. In December 2001, ABB won a US$ 17 million order from PEEGT to improve the power supply in the industrial areas of Aleppo, Homs and Damascus.

ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in more than 100 countries and employs about 146,000 people.

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