Thursday, December 29, 2011

Swiss giant ABB signs USD 900 m India electricity deal

Agence France Presse, 22 Dec 2011 | 11:21 PM

The agreement with India's Power Grid Corporation will see ABB deliver a transmission system to carry hydro-electric power from mountainous northeast India to the populous, central region of Agra, a statement said.
Swiss engineering giant ABB said today it had signed a deal worth more than USD 900 million to develop India's electricity supply.

The agreement with India's Power Grid Corporation will see ABB deliver a transmission system to carry hydro-electric power from mountainous northeast India to the populous, central region of Agra, a statement said. 

When operating at full capacity, the link will be able to supply 90 million people with electricity 1,700 kilometres away.

"HVDC (ultrahigh-voltage direct current) technology is ideally suited for transmission of power, with minimum losses, over long distances and where space is limited," said Peter Leupp, head of ABB's Power Systems division.

"We are pleased to continue supporting India in the development of its power infrastructure." 

ABB said it will work on the North-East Agra transmission project with BHEL (Bharat Heavy Electricals Limited).

The development costing USD 1.1 billion in total is scheduled to go into operation in 2015.

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