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FINANCIAL NEWS
Areva wins $113m contract in UAE
24 May 2010
(MENAFN) France?s Areva said that it has won a major order worth $112.5 million for supply of gas-insulated substation (GIS) to Transco, a subsidiary of Abu Dhabi Water & Electricity Authority (ADWEA), Gulf News reported.
Under the contract, Areva?s Transmission and Distribution division (T&D) will deliver a 400/132 kV GIS substation to the Transco plant in Ajman which will strengthen power supply for the fast-growing Northern Emirates region.
The substation will be located in Ajman, where population is expected to jump from 250,000 in 2010 to 2.2 million in 2030, said a top official, citing estimates from the UAE Ministry of Economy.
The substation solution also includes the delivery of four power transformers, four shunt reactors, a digital control system and a telecommunications system along with protection relays.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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