ABB Signs $100 Million Italian Electricity Infrastructure Contract

Date : 12/12/2019 @ 10:09AM
Source : Dow Jones News
Stock : ABB Ltd (ABB)
Quote : 23.99  0.16 (0.67%) @ 5:56PM

ABB Signs $100 Million Italian Electricity Infrastructure Contract

ABB (NYSE:ABB)
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By Carlo Martuscelli

 

ABB Ltd. (ABB.SK) said Thursday that it has been awarded a four-year contract worth $100 million to upgrade Italy's power grid.

The deal was awarded by transmission system operator Terna Rete Elettrica Nazionale S.p.A. (TRN.MI). Under the terms of the contract, ABB will supply its gas-insulated switchgear.

 

Write to Carlo Martuscelli at carlo.martuscelli@wsj.com; @carlomartu

 

(END) Dow Jones Newswires

December 12, 2019 04:54 ET (09:54 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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