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ABB ABB Ltd

37.13
0.00 (0.00%)
After Hours
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type
ABB Ltd NYSE:ABB NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 37.13 0 01:00:00

Switzerland's ABB Wins $640 Million Contract for 1,100-Mile Electrical Link in India

10/01/2017 11:09am

Dow Jones News


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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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