Close on the heels of winning a $20-million Chinese shipyard
) has now clinched an order for the delivery of utility
communications solution that will be serving seven electricity
distribution control centers located in Iraq. The order was
awarded by LS Industrial Systems (LSIS) and was booked in the
second quarter of 2013. However, the financial details of the
contract were not disclosed.
The scope of the contract includes providing advanced wireless
radios to link seven regional control centers and facilitate
automation of power distribution system.
The contract is part of Iraq Ministry of Electricity's broader
infrastructure improvement initiative. The main objective of this
contract is to establish a reliable power network to support
economic and social developments in the country.
Effective and efficient communication system is essential for
smooth coordination of grids' operations. It provides
high-performance data services required by most operational
networks and supports multiple applications. ABB's communication
system solution will have the capacity of transmitting data from
428 distribution substations and 150 maintenance centers in the
grid to seven regional control centers. In addition, the
electrical solution will also comprise broadband wireless radio
to transfer data as well as voice transmissions.
This high-capacity wireless communication network will largely
benefit the grid, as the radios can communicate over distances
over 50 km, ensuring a scalable, highly-flexible and
ABB is a leading provider of integrated power and automation
solutions for conventional and renewable power generation plants
and water applications. The company's extensive offerings include
turnkey electrical, automation, instrumentation and control
systems supported by a comprehensive service portfolio to
optimize performance, reliability, and efficiency while
minimizing environmental impact.
ABB currently has a Zacks Rank #3 (Hold). Other stocks which
are worth considering at the moment are
Willdan Group Inc
Orion marine Group Inc
Primoris Services Corporation
). All three have a Zacks Rank #2 (Buy).
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