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ABB wins US$ 130-million order for Australian IPP

20 April 1999

ABB wins US$ 130-million order for Australian IPP; Innovative technology burns waste coal product with low emissions

    ZURICH, Switzerland--April 20, 1999--ABB has been awarded a contract to build a 128-megawatt coal-fired power plant in Australia for independent power producer (IPP) Redbank Project Pty Ltd, a consortium of ABB, Babcock & Brown, and National Power Australia Holding L.P. The total value of the project is US$ 200 million, of which ABB's share is approximately US$ 130 million. The plant is scheduled for commissioning in 2001.
    The Redbank power project, to be located about 200 kilometers north of Sydney, will use a low-emission combustion technology that burns coal washery tailings, a waste product from a nearby coal mine. The plant will generate electricity for sale into the national electricity market under a long-term power purchase and hedge arrangement with EnergyAustralia, Australia's largest electricity distributor.
    The contract covers the design, supply, construction and commissioning of the power plant. The plant will incorporate two low-emission fluidized bed boilers, high efficiency fabric filters, a turbine generator, electrical equipment, air pollution monitoring and control systems. ABB Financial Services, National Power and Babcock & Brown arranged the financing for the project.
    ABB <http://www.abb.com> is a global engineering and technology company serving customers in power generation, transmission, and distribution; automation; oil, gas, and petrochemicals; industrial products and contracting; and financial services. ABB employs about 200,000 people in more than 100 countries.