ABB Ltd. (ABB) has entered an agreement with Energie Wasser Bern to provide its integrated electrical and process control systems for construction of a new plant for burning waste materials in Switzerland. The planned waste incineration facility will be an integration of a clean biomass-fired power station and combined cycle gas turbine plant, the first of its kind in Europe.
The new plant will be built in place of a thirty-five year old, scrapped, waste incinerator. Apart from providing its electrical and process control systems, for improving the operating efficiency of Bern facility, the company will also be responsible for providing high-voltage power grid connection to Bern, capital of Switzerland. The plant is expected to be completed in 2012.
The new plant will burn about 110,000 metric tons of waste and 112,000 metric tons of wood annually, generating nearly 250,000 megawatt hours (MWh) of thermal energy and 338,000 MWh of electricity per year. Through this plant, Bern will meet a substantial portion of its demand for power internally. The waste incineration facility is an important part of Bern’s plan to develop eco-friendly and sustainable solutions for power generation and waste management.
ABB Ltd’s power and automation technologies offer a solution for sustainable development, thus helping to protect the world’s resources. The company has a number of technologies for the solar power industry and also a growing installed base. The company has witnessed improving signs in late-cycle power, with some recent large contracts. ABB Ltd. has worked on about 730 waste incineration projects in about 60 countries.
Based in Zurich, Switzerland, ABB Ltd. is a power and automation technology company. The company operates in five segments: Power Products and Power Systems supply products and complete Transmission and Distribution (T&D) solutions to utility and industrial customers.
Discrete Automation & Motion, Low-Voltage Products and Process Automation supply products, systems and solutions to customers across nearly all segments of the process and manufacturing industries, as well as specialist end-markets, such as marine and utility. ABB Ltd. operates in approximately 100 countries and has globally structured itself into five regions, Europe, Americas, Asia, the Middle East, and Africa.
A major competitor of ABB Ltd. is Siemens AG (SI). We have a Zacks #2 Rank (short-term Buy recommendation) on ABB Ltd.
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