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ABB gets USD-40m job on substation project in Sri Lanka

(SeeNews) - Jan 9, 2015 - ABB (VTX:ABBN) has been awarded a USD-40-million (EUR 33.8m) contract for work on a substation project in Sri Lanka that is part of the country’s plan to beef up its grid and integrate more renewables.

The Swiss-Swedish industrial group said on Friday it will design, engineer, supply and commission two 220-kV substations, one at Polpitiya in the Central Province and another one near the capital of Colombo in the Western Province. In addition, ABB will upgrade an existing substation at Pannipitiya, a suburb of Colombo. The group will also supply high-voltage air-insulated switchgear, medium-voltage indoor gas-insulated switchgear, power transformers and other equipment.

ABB expects this project to be completed in 2017

Sri Lanka’s government has set an objective to deploy more than 2,500 MW of additional power generation capacity by 2020 and boost the share of renewable energy sources to 20%.

(EUR 1.0 = USD 1.181)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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