ABB wins US$ 310-million order for Chile power plants

Two 400-megawatt power plants for Chile’s deregulated electricity market

Zurich, Switzerland, July 29, 1998 - ABB, the international electrical engineering group, has been awarded a turnkey contract to build two 400-megawatt gas-fired combined-cycle power plants in the cities of Tocopilla and Coloso in northern Chile. The total value of the contract is US$ 310 million. It was placed by Electroandina SA, a leading electrical generating company in northern Chile co-owned by Tractabel of Belgium, Chile’s Codelco, and IBERDROLA and Enagas, both of Spain. Construction of the Tocopilla plant has already begun and is scheduled for completion by December 1999. Construction of the Coloso plant is scheduled to start in the second half of this year.

Under the terms of the contract, ABB will supply two GT26 gas turbines, the associated heat recovery steam generators, steam turbines, air-cooled generators, the overall power plant control systems, and the balance of plant equipment. In addition, ABB is also responsible for the engineering and civil work for both power plants, as well as complete installation, commissioning and operation and maintenance for the first six years.
The order reflects the opportunities for growth available in the deregulated electricity markets of Latin America, where ABB’s high efficiency power technology - such as the GT24/GT26 gas turbine - provides high performance and competitively priced power. The Tocopilla/Coloso contract follows an order for GT24 turbines in a 480-megawatt power plant in Mexico earlier this year, and GT26 turbines for a 775-megawatt power plant in Argentina, announced last year.
ABB employs some 10,000 people in Latin America. The ABB Group employs approximately 219,000 people worldwide with orders in 1997 of about US$ 35 billion. (End)

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