ABB wins $89 million order to power financial district in Saudi Arabia
ABB, the leading power and automation technology group, has won an order worth $89 million from the Saudi Electricity Company, Saudi Arabia's national power transmission and distribution provider, to build a new substation to ensure reliable power supplies for the King Abdullah Financial District in the city of Riyadh.
The substation will be close to the financial center and feed four smaller substations situated within the district. The project is expected to be completed in around 22 months.
ABB is responsible for the turnkey delivery of a 380/132/13.8 kV (kilovolt) substation, and will design, supply, install and commission the installation as well as carry out the civil works. Key products to be supplied include the gas-insulated switchgear (GIS), transformers, medium-voltage switchgear and cables. The substation will be equipped with an IEC 61850 compliant automation, control and protection system. IEC 61850 is an international communications standard that ensures interoperability and open communications between substation devices and other grid installations.
"This substation will deploy our latest GIS technology with an extremely compact footprint, ideal for such urban applications," said Peter Leupp, head of ABB's Power Systems division. "It will help provide reliable, efficient and high-quality supply of electricity to this prestigious financial center."
The King Abdullah financial district is being developed to support Saudi Arabia's vision of being the largest economy and financial hub in the region. It will host the headquarters of the country's Capital Market Authority, the Saudi Stock Exchange as well as several banks, financial institutions and other service providers. It will also accommodate a large community of professionals working in the financial sector and related industries.
Substations are key installations in the power grid that facilitate the efficient transmission and distribution of electricity. They include equipment that protects and controls the flow of electrical power. ABB is the world's leading supplier of air- and gas-insulated substations covering a range of voltage levels up to 1,100 kV
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