orders totaling US$ 170 million for Brazil power link
Zurich, Switzerland, April 6, 1998 - ABB, the international electrical engineering group, has been awarded contracts to link the power grids of northern and southern Brazil. The total value of the projects amounts to about US$ 170 million. The contracts, which were awarded by the state-owned utilities Furnas Centrais Elétricas S.A. (FURNAS) and Centrais Elétricas do Norte do Brasil S.A. (ELETRONORTE), are part of the "Brazil in Action" infrastructure development program launched by the federal government to support the countrys future economic growth. The power link will bring southern Brazil some 1,000 megawatts of electricity from the northern part of the country. The total project is expected to be completed by 1999.
The ABB orders include a 300-kilometer 500-kilovolt alternating current (AC) transmission line representing one third of the total power line connecting the Imperatriz substation in the State of Maranhão and the Serra da Mesa substation in the State of Goiás. ABB will also deliver high-voltage equipment for five substations as well as six reactive power compensation units to ensure maximum efficiency of the transmission lines.
ABB employs about 4,000 people in Brazil. The ABB Group employs 213,000 people worldwide with orders in 1997 of about US$ 35 billion. (End)
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