ABB has won orders worth approximately $27 million from the National Grid Corporation of the Philippines (NGCP) to design, supply and commission 18 transformers. The new transformers will enhance grid reliability and increase power capacity to support economic growth.
An aging infrastructure coupled with a fast-growing population and an agenda of industrial and economic development is driving the demand for reliable electric power in the Philippines. NGCP is executing a structured program to strengthen the aging power grid. The transformer units from ABB will be installed in key substations across the country.
"We are pleased to partner with NGCP for this important upgrade that will strengthen the Philippines' power grid, enhance efficiency and improve reliability of power supply to consumers. As part of ABB's Next Level strategy, we are committed to support the development of power infrastructure in growing markets around the world" said Markus Heimbach, Managing Director of ABB's Transformers business unit, a part of the company's Power Grids division.
ABB is the partner of choice for stronger, smarter and greener grids around the world as it supports nation-al utilities and grid operators to take advantage of the Energy and Fourth Industrial Revolutions. ABB's Power Grids division, which will deliver the NGCP project, is the world leader in its segment.
This is the second major order that ABB has received from NGCP, having won an order for three transformers in 2015. Among other projects, ABB has also supported Philippines' largest solar farm with a complete electrical balance of plant (eBoP) solution, further reinforcing its commitment to providing reliable energy to help meet growing demand while minimizing environmental impact.
ABB's Power Grids division has won 4 major orders recently, collectively worth over USD 840 million including this order, to deliver state-of-the-art power transmission technologies across 3 continents. The other orders were in India ($640 million), USA ($100 million) and Brazil ($75 million). Together they will bring reliable electricity to more than 100 million people. The orders were booked in the last quarter of 2016.
ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. Continuing more than a 125-year history of innovation, ABB today is writing the future of industrial digitalization and driving the Energy and Fourth Industrial Revolutions. ABB operates in more than 100 countries with about 135,000 employees (www.abb.com)