Investor AB raises stake in ABB to more than 10 percent
ABB’s biggest shareholder investor AB raised its stake to 10.03 percent, continuing to steadily increase its holding in the Swiss engineering group.
ABB’s biggest shareholder investor AB raised its stake to 10.03 percent, continuing to steadily increase its holding in the Swiss engineering group.
Germany, Winterbach: Pfisterer, German provider of cable systems and pluggable connections, has recently exhibited its pluggable Connex system – a connection solution for the construction of compact power transformers.
USA, Los Angeles: Southern California Edison, U.S. second-largest investor-owned utility, plans to invest $12 billion over the next three years to modernize the electric grid.
Kazakhstan, Astana: Kazakhstan plans to build its first plant for the production of power transformers within the National Champions program, reports Azer News.
South Africa, Mpumalanga: South Africa’s electric utility Eskom has installed and commissioned a new transformer at the Acornhoek substation in Bushbuckridge as part of its plans to upgrade electricity infrastructure and boost the power supply in Northern Mpumalanga.
USA, Washington: United States Department of Agriculture (USDA) has announced nearly $2.3 billion in loans to build and improve rural electric infrastructure in 31 states.
WEIDMANN Electrical Technology, a global supplier of transformer insulation systems, diagnostic products and services and logistics solutions, has entered into an agreement with FISO Technologies (FISO) whereby FISO will supply a fibre optic monitoring system designed specifically for WEIDMANN.
India, Kolkata: A massive fire broke out at the Dum Dum substation of Calcutta Electric Supply Corporation (CESC) in Kolkata city, West Bengal on Friday.
Russia, North Caucasus: Stavropolenergo has completed the first construction phase of the new Beshtau substation in Pyatigorsk, Stavropol and is preparing to install the main electrical equipment.
Canada, British Columbia: Two new power transformers weighing 85 tons each have arrived in Merritt for BC Hydro’s Merritt substation.
Cevian Capital, one of ABB’s three largest shareholders with 5.1% of total ABB Ltd share capital, is looking to significantly increase its share in the Swiss-Swedish industrial giant.
NLMK Group, Russia’s steel-producing company has started delivering transformer steel to Siemens’ Voronezh plant in Russia.
The Philippines, Negros Occidental: Central Negros Electric Cooperative (CENECO) has installed a new 30 MVA power transformer at its Alijis Substation in Bacolod City.
USA, Pennsylvania: Power management company Eaton has announced a contract to provide electrical distribution equipment and engineering services for an 8.2 MW community solar installation in Colorado at five sites, including Denver and Colorado Springs.
Vietnam, Ca Mau: Authorities of the Vietnam’s southernmost province, Ca Mau, have affirmed their support of a project to construct a wind power plant in Ngoc Hien district.
Oman, Muscat: Majan Electricity Company has signed nine agreements worth close to $20 million for various substation projects across the company’s distribution network in the North Batina, Al Dhahirah and Al Buraimi.
Cambodia, Phnom Penh: Pestech International Berhad, a Malaysian electric power technology company, has signed a memorandum of understanding with the State Grid Corporation of China to jointly launch a power transformer factory in Cambodia and develop infrastructure projects throughout the country.
India, Uttar Pradesh: Alstom T&D India has been awarded three contracts valued at around €33 million by Powergrid Corporation of India Limited (Power Grid) to supply power transformers and shunt reactors for 765/400 kV substation situated at Agra in Uttar Pradesh and spare units of 765 kV transformers and reactors as part of Eastern and Southern Region Strengthening Schemes.
USA, Pennsylvania: The Southeastern Pennsylvania Transportation Authority (SEPTA) will invest more than $570 million in infrastructure and vehicle rehabilitation projects in Fiscal Year 2015 to restore essential infrastructure that supports safe and efficient service to its more than 1.1 million daily riders.
USA, New Jersey: Pioneer Power Solutions, Inc. a Fort Lee-based manufacturer of liquid-filled and dry-type transformers, has announced that its Pioneer CEP subsidiary had acquired substantially all of the assets of Pacific Power Systems Integration, Inc.
Switzerland, Geneva: The World Trade Organization (WTO) ruled on Friday that China was not complying with its 2012 findings that duties added to high-value grain-oriented electrical steel (GOES) products were inconsistent with the group’s rules.
Germany, Mannheim: Röchling Engineering Plastics, a German manufacturer of transformer insulation and construction materials, is changing the organisation and management of the High-Performance Plastics division, looking to improve organization and secure global growth.
Sweden, Stockholm: Messko Nordic AB took over the representation of HIGHVOLT Prüftechnik Dresden GmbH in Sweden, Norway, Finland and Denmark.
China, Hubei Province: Alstom has been awarded the Ezhou Power Plant phase III generator step-up transformer contract by Hubei Energy Group Co., Ltd.