ABB wins $ 120 m SEC power transformers order

Updated 24 April 2013
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ABB wins $ 120 m SEC power transformers order

ABB, a leading power and automation technology group, has won orders worth around $ 120 million from the Saudi Electricity Company (SEC), to supply transformers that will help to enhance capacity and enable more electricity supply to meet growing needs.
The order was booked in the first quarter.
ABB will design, manufacture, supply and install the power transformers rated at 67- and 100-megavolt ampere (MVA), which will be located at substations in the western, eastern, southern and central regions of the country, where the maximum ambient temperature reaches 55 degrees Celsius with humidity, dust and salt adding to the harsh desert conditions.
The robust, safe, reliable, efficient and environmentally friendly transformers are capable of withstanding thermal and mechanical stresses caused by severe climate conditions, high altitudes, cyclical loads and short circuit forces.
The functional design also incorporates optimal insulation to address the extreme temperature and sound pressure while corrosion-resistant paint adds to the robustness of the transformers.
“Saudi Arabia remains a key market for ABB and we are delighted to continue supporting the country in its efforts to strengthen its power infrastructure,” said Bernhard Jucker, head of ABB’s Power Products division.
“ABB transformers are designed to maximize availability while ensuring reliability and optimizing efficiency,” he said.
“Our ongoing commitment to technical innovation combined with our vast global installed base and local market focus enables us to serve our customers with best-in-class solutions,” he added.
Transformers are integral components of an electrical grid, and essential for the efficient and safe conversion of electricity between diverse voltage systems.
ABB’s transformer portfolio includes power transformers rated up to 1,200 kV, dry and liquid distribution transformers, traction and special application transformers as well as related services and components.

ABB (abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact.
The ABB Group of companies operates in around 100 countries and employs about 145,000 people.


EU could compensate firms hit by US sanctions over Iran — French minister

Updated 20 May 2018
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EU could compensate firms hit by US sanctions over Iran — French minister

  • In 1996, when the United States tried to penalize foreign companies trading with Cuba, the EU forced Washington to back down by threatening retaliatory sanctions

PARIS: France is looking to see if the European Union could compensate European companies that might be facing sanctions by the United States for doing business with Iran, said French finance minister Bruno Le Maire on Sunday.
Le Maire referred to EU rules going back to 1996 which he said could allow the EU to intervene in this manner to protect European companies against any US sanctions, adding that France wanted the EU to toughen its stance in this area.
In 1996, when the United States tried to penalize foreign companies trading with Cuba, the EU forced Washington to back down by threatening retaliatory sanctions.
European firms doing business in Iran face sanctions from the United States after President Donald Trump withdrew from a 2015 nuclear deal with Iran.
“Are we going to allow the United States to be the economic policeman of the world? The answer is no,” Le Maire told C News TV and Europe 1 radio on Sunday.
Le Maire added it was important Italy kept its EU budget commitments, in light of plans by Italy’s new coalition government to ramp up spending — which could put Rome at odds with the EU.