Zurich, Switzerland, January 5, 2012 — ABB won an order worth over $50 million from Electric Transmission Texas, to provide electrical equipment that will improve reliability, strengthen the existing transmission grid and facilitate the integration of wind power. The order was booked in the fourth quarter of 2011.
The project, to be completed by 2013, is part of the Competitive Renewable Energy Zones program, aimed at increasing the contribution of renewable energy in Texas by up to 18 GW.
ABB will design, supply, install and commission four static var compensators (SVCs) at two sites. SVCs are part of ABB's family of FACTS (flexible alternating current transmission systems) technologies, which help enhance the capacity, and flexibility of power transmission systems and also contribute to the development of smarter grids.
FACTS technologies allow more power to reach consumers with minimal environmental impact, lower investment costs and shorter implementation times than the traditional alternative of building new power plants and transmission lines. They also help address voltage and frequency stability issues and enable the transmission system to run more efficiently.
ABB is a global leader in the growing field of FACTS, and has more than 800 such installations in operation or under construction across the world.
ETT is a joint venture between subsidiaries of American Electric Power and MidAmerican Energy Holdings Co. ETT owns and operates transmission facilities within the Electric Reliability Council of Texas, primarily in and around the AEP Texas Central Co. and AEP Texas North Co. service territories.