By Andrew Thompson www.reuters.com
Oct 3 (Reuters) – Swiss engineering group ABB said on Wednesday it has won an order worth around $115 million from Saudi Electricity Company to improve the reliability of the transmission grid that feeds major Saudi railway interconnections.
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. More info