ABB wins power sector orders valued at US$ 330 million

Turnkey 490-megawatt combined-cycle power plant in Greece, compressor stations for Russia-Germany natural gas pipeline

Zurich, Switzerland, September 24, 1998 - ABB, the international engineering Group, has been awarded two turnkey contracts to build a 490-megawatt gas-fired combined-cycle power plant in Greece and, in a separate order, compressor stations for a natural gas pipeline in Poland. The total value of both orders is US$ 330 million

In the first order, an ABB-led consortium will build a combined-cycle power plant in the town of Komotini, in northern Greece. The total value of the contract with Public Power Corporation (PPC), of Athens, Greece, is US$ 300 million, of which ABB’s share is about US$ 160 million. Construction is scheduled to begin this year and to be completed in 2001. Power from the plant is expected to meet about 10 percent of Greece’s anticipated energy demand.
ABB will supply two GT13E2 gas turbines, the overall power plant control system, basic plant engineering, and associated installation and commissioning. The plant will be equipped with ABB’s low-NOx burners, providing low emissions, high thermal efficiency and reduced operating costs.
In the second order, ABB will build two turnkey compressor stations for the Polish section of a natural gas pipeline linking Russia with Germany. The value of the contract is about US$ 170 million. The contract was awarded by Europolgaz S.A., of Poland, a joint venture formed to build and own the Polish part of the pipeline. The joint venture partners are RAO Gazprom, Russia, the state-owned Polish Oil & Gas Company, and Gaz-Trading S.A., also of Poland. The first compressor station is scheduled to be installed by the end of 1999 and the second one by the end of 2000.
ABB will build two gas compressor stations equipped with compression equipment, GT10 industrial gas turbines, pressure reducing systems to transport the gas through local networks, and flow metering facilities. The pipeline is designed to transport approximately 67 billion cubic meters of natural gas more than 4,000 kilometers, from the Yamal peninsula in Western Siberia through Belarus to Poland and Germany.
The ABB Group serves customers worldwide in power generation, transmission, and distribution; automation; oil, gas, and petrochemicals; industrial products and contracting; financial services; and rail transportation. The Group reported orders in 1997 of US$ 35 billion and employs about 220,000 people. (End)

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