ABB, the leading power and automation technology group, has won orders worth around Rs 1.19 billion (USD 18 million) to provide plant electrification, automation and substation solutions for solar power plants being built as part of India's strong push for solar energy and renewables.
Spread across the southern Indian states of Karnataka, Tamil Nadu and Andhra Pradesh, these projects will connect more than 850 megawatts (MW) of solar energy to the grid and will be among the biggest solar projects worldwide.
The most significant of these projects, placed by the Adani Group, a diversified Indian multinational, is the 648 MW solar plants in Kamuthi, Tamil Nadu. ABB will provide a turnkey solution encompassing the design, supply, installation and commissioning of the power plant electrification and automation systems, the pooling stations and multiple substations. This includes two 230 kilovolt (kV) and three 110 kV substations to connect the electricity generated to the local grid.
N Venu, president Power Systems, ABB India, said "Solar projects usually have tight completion schedules mandated by governments, and every state has unique utility standards and varying technical schemes. ABB's experience of executing solar projects across the world, as well as in depth knowledge of the India business landscape positions us as reliable partners in power."
Shares of the company declined Rs 13.85, or 1.2%, to trade at Rs 1,139.15. The total volume of shares traded was 2,566 at the BSE (12.29 p.m., Tuesday).