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Mass Global investment Company has awarded ABB a US $16 million contract for the construction of a substation and a static var compensator system that will provide electricity to industry in northern Iraq. The deal will see ABB take responsibility for the design, engineering and commissioning of the project, and is scheduled for completion in 2013. The project will supply electricity to a new melt shop and steel rolling mill.
ABB will provide 132 and 36 kV switchgear with disconnector circuit breakers, control and protection systems, as well as transformers and SVC gear. Head of ABB's Power Systems division Brice Koch said of the deal, "This solution will boost transmission capacity to serve the needs of the steel plant and enhance grid reliability in the region. The solution will also improve the quality of electricity supply and efficiency of the manufacturing process."
The project will also be equipped with ABB's SVC Light power compensation technology, which the company says enhances security, capacity and flexibility of power transmission.
Mass Global Investment Company has recently been in the news, following the announcement that TAQA is set to take a 50% stake in a Kurdistan power plant alongside the company.