Switzerland's ABB Wins $640 Million Contract for 1,100-Mile Electrical Link in India
January 10 2017 - 6:09AM
Dow Jones News
By Brian Blackstone
ZURICH--Swiss engineering giant ABB Ltd. (ABB) said Tuesday it
had won a $640 million contract to deliver a 1,830-kilometer
(1,137-mile) power-transmission link in India that could ultimately
deliver electricity to more than 80 million people.
The project to link central India and the southern state of
Tamil Nadu is expected to be completed in 2019, ABB said.
"The two-way link will integrate thermal and wind energy for
transmission of power to high-consumption centers located thousands
of kilometers away, supporting electricity demands in the south,
when wind strength is low, and transmitting clean energy to the
north, when there is excess wind power," ABB said.
ABB shares were up 0.6% to 21.98 Swiss francs at 1000 GMT
Tuesday.
Write to Brian Blackstone at brian.blackstone@wsj.com
(END) Dow Jones Newswires
January 10, 2017 05:54 ET (10:54 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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