SVC orders continue into new year
Six orders for static var compensators for steel mills around the world worth a total of $20 million.
ABB has reported another five orders for its static var compensators (SVC) for steel mills around the world.
The orders continue the successful 2005, which was concluded with an SVC Light order during the end of the year.
These six orders, worth a total of $20 million, will help steel makers meet booming demand.
"The strong demand for cutting-edge SVC technology is continuing after a highly successful year in 2005," said Samir Brikho, head of ABB's Power Systems division.
"These orders demonstrate that customers appreciate how this technology can help them increase production".
The contracts - for plants in Canada, Greece, Spain and the US - are for SVCs with power ratings of between 64 and 200Mvar.
Static var compensators stabilise massive voltage disturbances caused by electric arc furnaces during the steel-making process, securing power quality and higher levels of production.
They do not require additional investment in other components in the steel-making process.
ABB has delivered more than 200 SVC installations to the steel industry worldwide.
SVC Light creates a smooth and stable voltage in the melting process and reduces flicker and harmonics to levels impossible to reach with conventional SVCs.
SVC and SVC Light are part of ABB's package of flexible AC transmission systems to enhance the security, capacity and flexibility of power transmission systems.
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