ABB books $150m power deal in Saudi Arabia
The scope of work involves the expansion of five substations, which are expected to accommodate Saudi's increased electricity generation
Grid components supplier ABB said it has booked a $150m deal in Saudi Arabia.
Scope of works involves the expansion of five substations, expected to help accommodate increased electricity generation capacity.
ABB said the order from the Saudi Electricity Company, which includes gas-insulated switchgear and automation equipment, was booked in the second quarter of 2015.
With oil and gas reserves driving economic growth, Saudi Arabia is boosting its power generation capacity by more than 50% by 2020 to about 91 gigawatts, from less than 60 gigawatts now, newswire Reuters reported.