ABB Wins $33 Million Order To Strengthen Indian Power Grid
May 21 2012 - 2:38AM
Dow Jones News
ABB Ltd (ABBN.VX) Monday said it won an order worth around $33
million from NTPC Limited, India's largest power company, to build
two substations in the western Indian state of Maharashtra.
MAIN FACTS:
- The substations will facilitate transmission of electricity
from new power generation plants being constructed in the
region.
- Given its growth ambitions and per capita consumption India is
expected to expand its power infrastructure substantially in the
coming years.
- The country has an installed power generation capacity of
around 200,000 megawatts and and according to estimates of the
International Energy Agency, India needs to invest more than $135
billion to add between 600 and 1,200 gigawatt of additional new
power generation capacity by 2050 to provide universal access to
electricity for its population.
- NTPC is the largest power utility in India and has been
playing a major role in meeting the power needs of the country and
in contributing to its economic and social development.
- With an installed capacity of 36,514 MW through 15 coal based,
7 gas based and 6 Joint Venture power stations, NTPC contributed
28.6% of electricity in the country, with about 19% of India's
installed capacity.
-Zurich Bureau, Dow Jones Newswires, +41 43 443 80 47;
zurichdjnews@dowjones.com
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