February 25, 2014
ABB, the leading power and automation technology group, has won orders worth about $160 million from the Ministry of Electricity and Water (MEW) to construct substations that will help strengthen the country's power grid and support its growing infrastructure. The orders were booked in the fourth quarter of 2013.
Kuwait has crude oil reserves in excess of 104 billion barrels accounting for around 10 percent of global reserves, the fourth largest in the world. As a result, the petroleum industry is the biggest contributor to the national economy, accounting for nearly half of the country's Gross Domestic Product (GDP). The government is making significant investments to enhance its power infrastructure in order to support a planned expansion of crude oil production from the current level of about 2.9 million barrels per day (bpd) to 4 million bpd by 2020. These substations will reinforce the expansion of oil fields in the northern region of Rawdatain, and support Kuwait's long term vision to position it as a regional trading and business hub.
"The need to build up reliable and efficient power infrastructure in regions like the Middle East is an important growth driver for ABB' said ABB CEO Ulrich Spiesshofer. 'ABB has a proven track record in Kuwait and we are pleased to continue supporting the country's growth and development, combining our global technology and engineering expertise with our strong local presence.'
The orders won by ABB are for turnkey projects in Kuwait's north Rawdatain region and include the design, supply, installation and commissioning of two 300/132 kilovolt (kV) gas-insulated switchgear (GIS) substations as well as the extension of three existing 132 kV GIS substations. Key product supplies include gas-insulated high- and medium-voltage switchgear, transformers, control and protection systems, shunt reactors and cables. The projects are scheduled for completion by 2016.
ABB is the world's leading supplier of turnkey air-insulated, gas-insulated and hybrid substations with voltage levels up to 1,100 kV. These substations facilitate the efficient and reliable transmission and distribution of electricity with minimum environmental impact, serving utility, industry and commercial customers as well as sectors like railways, urban transportation and renewables.
ABB is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 150,000 people.
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For more information:
Contact person: Thomas Schmidt; Antonio Ligi; Sandra Wiesner
ABB Group Media Relations
Tel: +41 43 317 6568 (Switzerland)