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November 9, 2018

Deals this week: ABB, GE, ACWA Power

TransnetBW has awarded a $40m contract to ABB for upgrading its Obermooweiler high-voltage electrical substation in Baden-Wuerttemberg, Germany.

TransnetBW has awarded a $40m contract to ABB for upgrading its Obermooweiler high-voltage electrical substation in Baden-Wuerttemberg, Germany.

ABB will supply an eco-friendly 380kV gas-insulated switchgear (GIS) solution. The GIS substation is expected to reduce greenhouse gas emissions by 40% by 2020 and approximately 95% by 2050.

Based in Switzerland, ABB is a technology company mainly focused on power grids, electrification products, robotics and industrial automation fields, while TransnetBW operates the electricity transmission network in Baden-Wurttemberg, Germany.

GE Power Services has signed a 12-year multi-year services agreement (MYA) with GEL Utility (GELUL) to provide uninterrupted power supply to Port Harcourt Refining Company, a Nigeria-based oil and gas company engaged in refining crude oil into petroleum products.

GELUL will provide parts, spares, repairs and services over two inspections for three GE TM2500 aero-derivative gas turbine units installed at the plant in 2015.

GE Power Services is engaged in providing renewable energy and associated technology. GELUL is a joint subsidiary of Genesis Energy Solutions and Engro Corporation.

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ACWA Power has signed a contract to build the 2.25GW Dairut power plant in the Luxor Governate in southern Egypt.

“With an investment of $2.3bn, the Dairut project is expected to commence operations by 2023.”

With an investment of $2.3bn, the Dairut project is expected to commence operations by 2023. Power generated from the plant will be sold to Egyptian Electricity Transmission Company.

The Government of India has agreed to provide a $310m line of credit (LOC) to Zimbabwe for enhancing the life of the 920MW Hwange thermal power station.

Zimbabwe Electricity Supply Authority (ZESA), a state-owned company, owns the Hwange thermal power plant. The company is responsible for electricity generation and distribution in the country.

Trina Solar has secured a contract to provide 190MW of integrated photovoltaic (PV) solution TrinaPro to Cobra.

To be installed at the solar park in Alcazar, Ciudad Real Province of Spain, the TrinaPro solution will comprise 560,000 units of TSM-PE14H multi-crystalline half-cut cell modules and 6,206 single-axis tracker units.

Trina Solar is engaged in manufacturing photovoltaic equipment, while Cobra is a subsidiary of ACS Group and is engaged in providing engineering, civil construction, telecommunication and related services.

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