ABB said on it has won an order worth around $115 million from Saudi Electricity Company 5110.SE to improve the reliability of the transmission grid that feeds major railway interconnections.
"This solution will help strengthen the transmission grid and enhance reliability of power supply to important rail links being developed in Saudi Arabia," ABB said in a statement.
ABB said the Saudi order was the biggest it had received to date for its flexible alternating current transmission system (FACTS).
The order was booked in the third quarter, ABB said.
Reuters
4 October
ABB wins $115 million order to support Saudi rail network
Reuters
The resource of credible, industry-specific updates