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ABB wins $15 million power transmission order in Mongolia

FACTS technology helps mining company increase power with minimal environmental impact

Zurich, Switzerland, Jan.27, 2011 – ABB, the leading power and automation technology group, has won an order worth $15 million from Mongolia’s leading mining company, Oyu Tolgoi LLC, to boost the capacity and reliability of existing transmission lines so that more power will reach its gold and copper mines in the Gobi desert, with minimal environmental impact. The order was received in the fourth quarter of 2010.

“This environmentally friendly solution will increase power capacity, improve grid stability and secure power supply to the mine and surrounding areas, contributing to the development of the region,” said Martin Gross, head of ABB’s Grid Systems business, within the company’s Power Systems division.

ABB will design, supply, install and commission two SVCs (static var compensators) by 2012, each with a rating of -100/+100 MVAr (megavolt ampere reactive). SVC is part of ABB’s family of FACTS technologies, which enhance the capacity, security and flexibility of power transmission systems, and make an important contribution to the development of smart 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 or 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 700 such installations in operation or under construction across the world.

Oyu Tolgoi LLC, is Mongolia’s largest copper and gold mining company, which will build and operate the Oyu Tolgoi copper-gold project in southern Mongolia. It is scheduled to begin commercial production in 2013. Oyu Tolgoi is a strategic partnership between the Government of Mongolia, Ivanhoe Mines, and Rio Tinto.

ABB (www.abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 117,000 people.

Pierre Perrin-Monlouis
Pierre Perrin-Monlouis
Fondateur de Rente et Patrimoine (cabinet de gestion de patrimoine), Pierre Perrin-Monlouis est un analyste et trader pour compte propre. Il vous fait profiter de son expérience en trading grâce à ses analyses financières et décrypte pour vous les actualités des marchés. Son approche globale des marchés combine à la fois l'analyse technique et l'analyse fondamentale sur l'ensemble des marchés : crypto, forex, actions et matières premières.
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