ABB wins $33m order as India continues to improve grid

Swedish-Swiss group, ABB (NYSE: ABB), has won an order worth around $33m from NTPC Limited, India’s largest power company, to build two substations in western India.

The substations will facilitate transmission of electricity from new power generation plants being constructed in the region.

"These substations will provide the transmission and distribution infrastructure to increase capacity and meet growing demand for electricity in the region,” said Brice Koch, Head of ABB’s Power Systems division. ”

Given its growth ambitions and per capita consumption India is expected to expand its power infrastructure substantially in the coming years.

India needs to invest more than $135bn to add between 600 and 1200 GW of additional new power generation capacity by 2050 to provide universal access to electricity for its population.

The project is scheduled for completion in 2016.

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