Private Companies 19
August 16, 2017: ABB brings reliable power supply to the Himalayas
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ABB will upgrade 20 substations in India's northern state of Himachal Pradesh, located in the foothills of the western Himalayas. The substations will be equipped with the latest control and protection technology to enable future digitalization. The order, placed by the local state utility, Himachal Pradesh Electricity Board Limited (HPSEBL), supports India's Smart Grid Vision and the government's ambition to provide reliable power to the country's most remote regions.
"We are pleased to support India's Smart Grid vision that is vital to meeting its vast and growing electricity needs by providing our latest digital solutions to increase automation and improve the reliability of power supply," said Massimo Danieli, head of ABB's Grid Automation business within the company's Power Grids division. "It exemplifies our commitment to bring reliable power to the people and reinforces our position as a partner of choice in enabling a stronger, smarter and greener grid."
ABB will deploy its Relion(Registered) electronic relays for the protection, control, measurement and supervision of power systems at all twenty substations. Six of the substations will also be equipped with ABB's state-of-the-art MicroSCADA (Supervisory Control and Data Acquisition) system, which will ensure the optimized control and reliable operation of the substation through seamless integration and connectivity between different devices and systems. Both products are a part of the company's ABB Ability(TradeMark) portfolio of digital solutions and will help turn data insights into actionable intelligence.
A digital substation is a key component to enabling a smarter grid. Digital communications via fiber optic cables replace traditional copper connections using analog signals, increasing safety, flexibility and availability, while reducing cost, risk and environmental impact. Built on the international standard IEC 61850, ABB's world-leading digital substations bring increased reliability, interoperability and real-time performance.
ABB has played an integral part in the development of India's power infrastructure. For example, ABB recently commissioned the Khandukhal substation in the foothills of the Himalayas, which evacuates power generated from rivers in Uttarakhand and integrates it with the national grid.
ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. Continuing more than a 125-year history of innovation, ABB today is writing the future of industrial digitalization and driving the Energy and Fourth Industrial Revolutions. ABB operates in more than 100 countries with about 132,000 employees. (www.abb.com)
SECTION 1 ABB AUSTRALIA PTY LIMITED PROFILE
SECTION 2 PRESS RELEASES: 2017
SECTION 1 ABB AUSTRALIA PTY LIMITED PROFILE
ABB Australia Pty Limited operates as a subsidiary of ABB Ltd.
Industry: Electrical Equipment
SECTION 2 PRESS RELEASES: 2017
August 03: ABB wins $30 million order to support integration of renewables in Germany
ABB has received an order of around $30 millon from the Dutch-German transmission system operator, TenneT, to supply a stabilization solution that will enhance the reliability and quality of power as the grid absorbs more renewable energy. The order was booked in the second quarter of 2017.
Germany's "Energiewende" energy transition roadmap aims for a renewable energy target of at least 80 percent by 2050. The contribution of wind and solar to the energy mix is progressing rapidly and now accounts for over 4o percent of Germany's electricity supply. However, as Germany's power supply changes from a reliance on steady, centralized sources - like nuclear and thermal power - to more volatile and decentralized renewable power supplies, such as wind and solar, the country needs to address stability and fluctuation issues that affect power supplies.
As part of the solution, ABB will deliver a hybrid Static Compensator (STATCOM) to be installed at the Borken substation in Hessen, Central Germany. It will support the grid with flexible reactive power compensation and dynamic voltage support, to reduce the risk of voltage collapse and power outages.
ABB's STATCOM is an intelligent device that stabilizes voltage fluctuations caused by the intermittent nature of wind or solar and helps to smoothly transmit this electricity. ABB's advanced MACH(TradeMark) control system, a part of ABB-Ability(TradeMark) digital offering, acts as the brain of the STATCOM, providing essential monitoring, control and protection functionality that ensures reliable and efficient power supply.
"We are delighted to work with TenneT once again and support Germany's mission to supply clean wind power to millions of people" said Claudio Facchin, President of ABB's Power Grids division."Our innovative STATCOM technology will boost power transmission capacity of and improve power quality.
August 02: ABB wins $30 million order to strengthen power infrastructure in Iraq
ABB has won an order to supply and install a substation at the 3,000 megawatt (MW) Rumaila power plant, located in the Basra region of southern Iraq. The completed power plant will be operated by Shamara Holding Group (SHG), one of Iraq's largest private industrial conglomerates and an independent power producer. The Rumaila power plant is expected to increase power generation capacity by about 20 percent and address acute shortages of electricity, hampering economic growth in the country. The order was booked in the second quarter of 2017.
The 3,000 MW from the Rumaila power plant will add to Iraq's current generation of 13,000 MW, which is short of the country's peak load demand of about 23,000 MW. Iraq balances its high power demand and low supply capacity through load shedding, which means power is only available to its 34 million citizens for about 15 hours each day. The addition of new generating plants will increase electricity supply, and support economic growth.
ABB will design, engineer, supply and install the 400 kilovolt (kV) air insulated switchgear (AIS) substation, which will be equipped with technology and instrument transformers from ABB. The substation will also be equipped with advanced digital control, protection and telecommunication systems.
"Our advanced substation solution will help bring much needed electricity to the region by expanding capacity and strengthening Iraq's power infrastructure, bringing much needed power to consumers", said Claudio Facchin, president of ABB's Power Grids division. "This project adds to our extensive installed base in the region and supports our Next Level strategic thrust on growing markets."
ABB is the world's leading supplier of substations with voltage levels up to 1,100 kV. These substations enable the efficient and reliable transmission and distribution of electricity with minimum environmental impact, serving utility, industry and commercial customers as well as sectors like railways, urban transportation and renewables.
ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally.
July 03: ABB acquires KEYMILE's communication networks business to strengthen digital grid portfolio and software focus
Acquisition supports ABB AbilityTM offering for mission-critical power grid applications, extending market opportunities
ABB today announced it has agreed to acquire the mission-critical communication business of the KEYMILE Group to strengthen its communication networks portfolio. The acquisition will bring with it key products, software and service solutions, as well as research and development expertise. These will further enhance ABB's industry-leading digital offering, ABB Ability, by adding extremely reliable communications technologies that are essential to maintain today's dynamic and complex digital electrical grids. The transaction is expected to close during the third quarter of 2017. Both parties have agreed not to disclose the value of the deal.
KEYMILE is headquartered in Hanover, Germany with 350 employees globally and was founded in 2002 through a merger of three technology companies in Austria, Germany and Switzerland. It is a leading manufacturer of mission-critical and broadband telecommunication solutions, with installations across 100 countries.
Reliable information is key to quick and accurate decision making in today's increasingly automated world; this is particularly true of sprawling, connected networks. The operation of mission-critical systems such as electrical grids requires communication networks with unparalleled performance and robustness based on special technology, protocols and software. KEYMILE's communication portfolio is geared to meet the demands of network operators for reliability, availability and cyber security, making KEYMILE a leader in the field of mission-critical communications.
"ABB is a global leader in communication networks for utility customers. The acquisition of KEYMILE's mission-critical communication business will strengthen this position and extend our market reach in the industrial, transportation and infrastructure sectors," said Claudio Facchin, president of ABB's Power Grids division.
May 09: ABB Australia Pty Limited: ABB prices EUR 750 million bond issue
ABB announced that it has priced the EUR 750 million 7- year bond transaction it launched earlier today.
The bonds carry a coupon of 0.75% and will be issued under the ABB Finance B.V. USD 8 billion Debt Issuance Program. The bonds will be guaranteed by ABB Ltd, the parent company of the ABB Group.
The net proceeds of the issue will be used for general corporate purposes.
Issuance will take place on or around May 16, 2017, which is the expected settlement date of the bonds.
ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. Continuing more than a 125-year history of innovation, ABB today is writing the future of industrial digitalization and driving the Energy and Fourth Industrial Revolutions. ABB operates in more than 100 countries with about 132,000 employees. www.abb.com
Source: Company Website
May 04: ABB wins $30 million order for HVDC power link upgrade in Africa
Upgrade to boost transmission capacity and supply clean hydro power while strengthening grid reliability in Democratic Republic of the Congo
ABB has won an order worth more than $30 million from Societe nationale d'electricite (SNEL), the national electricity company of the Democratic Republic of the Congo (DRC) for a partial upgrade of the Inga-Kolwezi high-voltage direct current (HVDC) power transmission link. The contract is part of the FRIPT project financed by Glencore and managed by Congo Energy, a subsidiary of Forrest Group International. The link transmits power from the Inga hydropower station on the Congo River to the mining district of Katanga in the south-east of the country. It also exports the excess power to the Southern African Power Pool countries.
The 1,700 kilometer link was built by ABB in 1982 and was, at the time, the world's longest transmission line. ABB upgraded the link in 2009, installing new thyristor valves, high-voltage apparatus and its MACHTM control and protection system. ABB's advanced MACH system, supports the company's ABB AbilityTM based digital offering and acts like the brain of the HVDC link - monitoring, controlling and protecting the sophisticated technology in the stations, managing thousands of operations to ensure the reliability of power supply.
ABB has now been entrusted to carry out a refurbishment that will boost transmission capacity, enhance grid reliability, extend life span and ensure the efficient transmission of hydro-electricity across the region. The retrofit will make it possible to increase transmission capacity from 520 megawatts (MW) to 1000 MW, securing power supplies to the mining region in Katanga and strengthening the power infrastructure in the DRC. ABB's project scope includes system studies, supply of key equipment such as high voltage apparatus and commissioning.
"We are pleased to continue our long association with the Inga-Kolwezi HVDC Link and contribute to the strengthening of the DRC's power infrastructure.
May 03: ABB inaugurates traction transformer plant in South Africa
ABB today inaugurated a new traction transformer production facility adjacent to its South African headquarters in Longmeadow, Johannesburg. ABB CEO Ulrich Spiesshofer inaugurated the new factory with The Director General of the Department of Trade and Industry, Lionel October.
"ABB is proud of this new traction transformer facility in South Africa, reiterating our philosophy of locating manufacturing units close to our customers," said Ulrich Spiesshofer, CEO of ABB, speaking at the inauguration event. "It reinforces our Next Level strategy focus on strengthening our presence in Africa and supports our ongoing commitment to sustainable mobility."
This unit will produce traction transformers to help power trains and support South Africa's growing railway network. Traction transformers feed power at safe voltages to essential train functions like traction, brakes, lighting, heating and ventilation, as well as passenger information, signaling and communication.
The 2,450 square meter facility is expected to employ 60 people by the end of 2017 and the first major order to be executed at the new facility will be the supply of traction units for 240 Bombardier electric locomotives. The local manufacturing of these traction units supports the South African government's local procurement and employment requirements.
Since 2012, South Africa has invested in the development of its rail network as an opportunity to rejuvenate the economy, create jobs and support a major shift from road to rail transport for both passenger and freight travel. The expansion of the country's rail network is also expected to contribute to its vision of becoming a key logistics center in sub-Saharan Africa.
ABB has more than 130 years of experience in producing traction transformers that are powering more than half the world's electric locomotives and train sets.
April 13: ABB shareholders approve all proposals at Annual General Meeting
Peter Voser, Jacob Wallenberg, Matti Alahuhta, David Constable, Louis R. Hughes, Federico Fleury Curado, David Meline, Satish Pai and Ying Yeh were re-elected for another term. The shareholders elected Lars Forberg to join the Board. The shareholders also elected the proposed Compensation Committee members.
The shareholders supported an eighth consecutive dividend increase to CHF 0.76 per share, up from CHF 0.74 last year. The payout in Switzerland is expected for April 21, 2017. The shareholders also approved the management report, the consolidated financial statements and the annual financial statements for 2016.
Furthermore, shareholders approved in a binding vote the maximum aggregate compensation of the Board of Directors for the 2017-2018 term of office and of the Executive Committee for the 2018 financial year. In addition, the shareholders approved the compensation report for 2016 in a non-binding vote. The Board and the persons entrusted with management were granted discharge for financial year 2016.
Shareholders also approved a capital reduction through the cancellation of 46,595,000 shares repurchased under the share buyback program announced in September 2014 and the renewal of authorized share capital.
A total of 903 shareholders attended the Annual General Meeting, representing 78.7 percent of the total votable share capital.
The final results of the Annual General Meeting will be published on www.abb.com later today.
Source: Company Website
March 29: ABB Australia Pty Limited: ABB wins breakthrough transformer order to support sustainable mobility in Austria
ABB has won an order from Bombardier Transportation to provide 42 Effilight(Registered) roof-mounted traction transformers for its TALENT 3 electric multiple unit (EMU) platform. The order is the first global commercial success for the recently launched Effilight transformer and is part of a frame contract to deliver up to 600 traction units for 300 trains by the end of 2024. The transformers will be installed on 21 trains that will operate between rural and urban areas in Austria's Vorarlberg region and also connect with neighboring countries to provide additional passenger capacity and reduce road traffic. Traction transformers feed power at safe voltages to essential train functions like traction, brakes, lighting, heating and ventilation, as well as passenger information, signaling and communication.
Urbanization and economic development are driving the need for efficient mobility as an increasing number of people rely on commuter, regional and intercity transportation systems that connect urban centers with surrounding suburbs and the regions beyond.
On average, every Austrian citizen travels about 1,425 kilometers by train each year, the third highest in the world in the use of train travel after Japan and Switzerland. The country has a vision to transport 500 million passengers a year and 150 million tons of freight by 2020, across nearly 5,000 kilometers of track. The planned addition to the rail network will support the realization of this vision.
Effilight is ABB's next-generation traction transformer, which uses a patented high-technology cell design that can reduce the amount of oil required by up to 70 percent, without compromising functionality. This saving in oil volume compensates for the additional copper introduced to reduce losses and improve energy efficiency.
March 28: ABB launches medium-voltage power protection technology in UK and US
ABB's PCS120 MV UPS was introduced to the market in London, at Data Centre World, and in Houston, Texas, at ABB's largest customer event, ABB Customer World.
ABB's PCS120 MV UPS is a next-generation medium-voltage uninterruptible power supply (UPS) for multi-megawatt power protection that is based on the flexible ZISC (Impedance Isolated Static Converter) architecture. By adopting power protection at medium voltage, facility operators benefit from greater energy efficiency as lower currents at medium voltage mean smaller cables and lower losses. The transition from low voltage to medium voltage is a natural progression of power protection for large sized critical power facilities.
"With the world's ever-increasing demand for high-quality power, driven by increases in industrial automation and large data centers, we are launching a solution well aligned to our customers' needs," says Perry Field, ABB's Global Product Line Manager for Power Conditioning. "We look forward to taking this technology developed in New Zealand to the rest of the world."
ZISC, a revolutionary power conditioning and uninterruptible power supply architecture that supplies continuous clean power, and provides protection from a broad spectrum of utility voltage events. It is based on an isolating line reactor coupled with high-performance ABB power converters and advanced control. It provides unmatched reliability, high performance and class-leading efficiency.
March 01: ABB completes divestment of cable business to NKT
The divestment, which was announced in September 2016, is in line with ABB's commitment to active portfolio management, a key element of the Next Level strategy. By combining two strong cable portfolios rooted in a shared Nordic heritage while maintaining access to supply through a long-term strategic partnership, a more competitive cable business on a larger scale is created under NKT Cables' ownership. As part of the strategic partnership, ABB and NKT Cables will work together on future project opportunities and R&D.
"We are pleased to close the divestment with NKT Cables, an experienced specialist in this market, with a long and successful history in the high voltage cable industry. This transaction is combining two highly complementary cable portfolios and is expected to lead to higher competitiveness and even better service for our global customers" says Claudio Facchin, president of ABB's Power Grids division. "We look forward to building on our new business relationship in the long-term strategic partnership between ABB and NKT Cables."
ABB's cable system and the cable accessories business offers turnkey solutions including design, engineering, supply, installation, commissioning and service. It employs around 1,000 people, and has state-of-the art manufacturing and R&D capabilities for high-voltage submarine and underground cables in Karlskrona, Sweden. The cable accessories business is located in Alingsas, Sweden. The transfer of assets also includes a new, cutting-edge cable-laying vessel, currently under construction. With experience of over a century, the business serves a range of applications and has commissioned hundreds of alternating current and direct current links around the world.
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