Image default
Conferences & Site Visits Energy & Power

ABB signs potential $1.9 bln deal for Power Grids products in China

ABB’s Power Grids business has signed deals that could be worth nearly $2 billion to supply power transmission equipment to utility companies in China.

Claudio Facchin, the head of Power Grids, signed memorandums of understanding with Chinese companies including State Grid Corporation of China and China Southern Power Grid earlier this month.

ABB confirmed the agreements, but declined to comment on the financial details. A person familiar with the situation said the memorandums of understanding – a preliminary stage to signing contracts – could be worth around $1.9 billion in total.


Related posts

EZ Robot Deepens Penetration of China’s Robotics Market by Deploying Their AI in Food Manufacturing


Metro Manila Subway breaks ground


First Gen, Tokyo Gas to develop LNG terminal in Batangas City


Leave a Comment