ABB Power Grids Signs 5-Year Contract With South America's Interconexion Electrica
April 14 2020 - 9:07AM
Dow Jones News
By Jessica Sier
ABB Ltd. said Tuesday that its subsidiary ABB Power Grids has
signed a $100 million contract with South America's largest
transmission-system operator to supply power and other equipment
for the next five years.
ABB Power Grids will partner with Interconexion Electrica SA
ESP, which operates over 62,000 kilometers of power transmission
infrastructure, and is currently constructing more than 7,000
kilometers, the company said. ISA, based in Colombia, operates in
Brazil, Peru and Chile, among other Latin American nations.
The contract is for the supply of shunt reactors, gas-insulated
switchgear and air-insulated switchgear, such as circuit breakers,
instrument transformers and hybrid modules.
ABB's Power Grids business will be divested to Japan's Hitachi
in 2020, said the company.
Write to Jessica Sier at jessica.sier@wsj.com
(END) Dow Jones Newswires
April 14, 2020 08:52 ET (12:52 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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