) recently received a major contract from Mongolyn Alt
Corporation to provide electrical equipment package. The contract
is for the Mongolyn Alt Corporation's greenfield copper and
molybdenum project Tsagaan Suvarga. ABB expects to complete
deliveries between Dec 2013 and May 2014; while the first plant
start-up is scheduled for Sep 2014.
The electrical package is expected to help Tsagaan Suvarga
copper and molybdenum plant achieve safe and energy efficient
operation even under severe climate conditions. Located
approximately 560 km south of Ulaanbaatar, Mongolyn Alt
Corporation is one of Mongolia's largest national mining
companies having three open-pit coal mines in operation. The
Tsagaan Suvarga project has a daily production capacity of 40,000
tons of copper and is expected to become the third largest copper
mine in Mongolia.
The electrical package to be supplied by ABB will comprise
22/6.6 kV switchgear, DC power supply, uninterrupted power
supply, transformers, 400 V motor control centers, variable-speed
drives, variable-speed multi drives and a power management system
based on the state-of-the-art Extended Automation System 800xA
and IEC 61850. All this will be integrated under ABB's E-house
ABB's e-house is an innovative approach to meet all the
electric equipment requirements of industrial plants,
particularly the oil and gas sector and mining sector given its
demanding safety requirements. E-house is a complete integrated
system with switchgear, drives, periphery distribution equipment
and automation shipped fully functional and ready to go.
Under an E-house, the electrical and control equipment for the
industrial plant are placed inside a single pre-fabricated steel
building. Each e-house is built as per the specific needs of the
plant and is tested before installation.
The advantages of e-house are its flexibility to different
types of projects, improved safety and shorter construction
times. Therefore, with the help of this E-house package, Mongolyn
Alt Corporation will able to operate under extreme temperatures
varying from -35 to +40°C.
With the help of ABB's electrical package, Mongolyn Alt
Corporation expects to generate maximum operations to achieve
optimum production levels with minimum energy costs.
Based in Zurich, Switzerland, ABB is a leader in power and
automation technologies that enable utility and industry
customers to improve performance while lowering the environmental
impact. ABB currently has a Zacks Rank #3 (Hold). However, some
other stocks which are worth considering at the moment are
Quanta Services Corporation
Harris & Harris Group, Inc
Willdan Group, Inc.
). All the three have a Zacks Rank #2 (Buy).
ABB LTD-ADR (ABB): Free Stock Analysis Report
QUANTA SERVICES (PWR): Free Stock Analysis
HARRIS & HARRIS (TINY): Get Free Report
WILLDAN GROUP (WLDN): Get Free Report
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