ABB Ltd. (ABB) To Upgrade Hydro-Quebec's Transmission Grid
Zacks Investment Research | Sep 23, 2016 01:59AM ET
Swiss technology giant, ABB Ltd. (NYSE:ABB) , recently clinched orders over $85 million from utility firm Hydro-Québec (“HQ”) for upgrading the latter’s substations and transmission grid. The latest contract is another major win for ABB’s thriving ultra-high voltage transmission business.
Hydro-Québec Revamps Infrastructure
Canada-based utility company – HQ – has been constantly modernizing its power infrastructure for the past few decades. ABB has been serving as its long-standing partner, delivering state-of-the-art technology required to execute the utility firm’s infrastructure revamp. Currently, the company is upgrading its 800-kilovolt (kV) air-insulated switchgear (AIS) substations and transmission grid, which require sophisticated circuit breakers, power transformers and shunt reactors.
Per the contract, ABB will offer services for the designing, delivering and commissioning of circuit breakers that would boost safety levels. Also, the company will be providing its proprietary 450 megavolt-ampere (MVA) autotransformers and 735 kV shunt reactors for the project. The technology giant boasts of an elaborate cost- and eco-efficient circuit breaker and transformer portfolio, which has earned it a solid reputation among utility companies across the globe.
Power Infrastructure Upgrade: A Key Growth Driver
ABB is one of the best managed industrial infrastructure, power and automation companies in the world, which stands to benefit from investments made toward the upgradation of power infrastructure..Utility companies across the globe are engaged in integrating renewable energy sources with the traditional ones to meet the ever-increasing power demand.
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