Leading power and automation technologies supplier
) received a $110 million order from Saudi Electricity Company to
construct substations to support grid interconnection and boost
electricity transmission capacity, primarily in the western
region of Saudi Arabia.
The new substations that will be constructed will connect the
Taif East Governorate, part of the Mecca region, to the national
380 kilovolt (kV) transmission grid. The new substations will
generate power of about 110 kV and will supply electricity to the
areas of Turbah, Al-Khurmah and Rania, thereby avoiding the use
of diesel-generated power in these areas.
Substations are important installations in the power grid that
transform voltage levels per requirement, thereby facilitating
reliable and efficient transmission and distribution of
electricity. The substations primarily include equipment that
protect and control the flow of electrical power.
Per the order, ABB's scope of work includes designing, supply,
installation and commissioning of a 380/110 kV bulk supply point
substation and upgrading the existing remote-end substations in
Bisha and Sised to support the 380 kV grid interconnection. ABB
will provide the substations with its gas-insulated switchgear
(GIS) and hybrid technologies that will ensure reliability and
efficiency while reducing the environmental footprint.
This apart, ABB will also be providing control and protection
equipment, auxiliary systems and substation automation equipment
which are in compliance with the international IEC61850 standard
to enable monitoring and control of the substations from a remote
Prior to this in Jan 2014, ABB Ltd. had received a contract
from King Abdullah Economic City (KAEC) for providing substations
to boost its transmission capacity and electric supply. Also ABB
was awarded a contract by Saudi Electricity Company to design,
supply, install and commission an expansion of the 380 kV
(kilovolt) Haramain high-speed railway (HHR3) substation that
supplies electricity to KAEC at 110 kV. This proves ABB's strong
presence in Saudi Arabia.
ABB is the leading supplier of air- and gas-insulated
substations and has more than 10,000 installations across the
globe, with voltage levels of up to 1,100 kV. These substations
serve various industries including utility, industry and
commercial customers and also sectors like railways, urban
transportation and renewables.
ABB currently holds a Zacks Rank #5 (Strong Sell). However,
other stocks in the Power sector which are worth considering at
the moment are
Quanta Services Inc.
), all three carry a Zacks Rank #2 (Buy).
ABB LTD-ADR (ABB): Free Stock Analysis Report
ENERSYS INC (ENS): Free Stock Analysis Report
FRANKLIN ELEC (FELE): Free Stock Analysis
QUANTA SERVICES (PWR): Free Stock Analysis
To read this article on Zacks.com click here.