) and UK Power Networks yesterday, on Mar 17, 2014, received a
contract from UK's Network Rail to provide turnkey substations
which will upgrade Britain's existing rail network through the
supply of high-quality power. The contract is worth $145 million
and the work is evenly distributed between both the companies
according to the scope of the work. Together, the consortium will
provide 30 substations.
The upgradation work undertaken by the Network Rail Project is
part of the the Great Western Electrification Programme (GWEP).
Per the contract, the GWEP programme will comprise ABB's unique
modular Structure Mounted Outdoor Switchgear (SMOS) Light
This structure is specially designed by ABB to help global
railway infrastructures minimize the time required for
construction, testing and commissioning by almost 30%. The
consortium is responsible for providing 30 turnkey substations
installed with ABB's state-of-the-art eco-efficient power
distribution switchgear, thereby reducing the carbon
Moreover, the substations also include ABB's advanced
protection and control concept, which was designed to suit
Network Rail's own Rationalised Autotransformer Scheme (RATS).
This highly sophisticated method of deploying the global IEC
61850 open communications standard increases cost-efficiency for
substation solutions. The consortium plans to commission the
first sub-station in 2015, while the project is expected to be
complete in 2017.
Further, Network Rail will ensure that the modernization of
the rail system provides reliable services to passengers. Not
only this, the upgrade will also reduce noise pollution and
guarantee increased train frequency, thereby increasing passenger
capacity and support the overall economic development.
Recently, in Jan and Feb, ABB received contracts to upgrade
the Swedish and Brazilian rail networks.
Based in Zurich, Switzerland, ABB is a leader in power and
automation technologies that enable utility and industry
customers to improve performance while lowering negative impacts
on the environment.
ABB currently has a Zacks Rank #3 (Hold). However, other
stocks which are worth considering at the moment are
Quanta Services, Inc.
), all of which carry a Zacks Rank #2 (Buy).
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