ABB signs $115m deal with Saudi Electric
Company will strength the transmission grid for Saudi Arabian railway connections
ABB has signed its largest ever deal for its FACTS system.
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ABB announced on Wednesday that it had secured an order worth around $115m from Saudi Electricity Company to improve the reliability of the transmission grid that feeds the major Saudi Arabian railway connections.
“This solution will help strengthen the transmission grid and enhance reliability of power supply to important rail links being developed in Saudi Arabia,” ABB said in a statement.
Furthermore, ABB confirmed that the SEC order was the biggest it had ever received for its flexible alternating current transmission system (FACTS).
The order was booked in the third quarter of this year, the company added.
