SWITZERLAND'S ABB WINS SAUDI POWER PLANT PACT

SWITZERLAND'S ABB WINS SAUDI POWER PLANT PACT

ABB Asea Brown Boveri, Zurich, has signed a deal with Saline Water Conversion Corp. worth $100 million for the supply of five 115-megawatt steam turbines and general control equipment for a power plant in Saudi Arabia.

The power plant will operate in conjunction with a desalination plant at Al Shoaiba next to Jeddah in the Western Province of Saudi Arabia, ABB said this week.ABB, in a consortium with Korea Heavy Industries and Construction Co. led by Bechtel Power Corp., will build the power plant, valued at approximately $480 million.

The plant, scheduled for completion by early 1997, will have a total output of 575 megawatts.

The order "further establishes ABB as an important power plant supplier in the Middle East and strengthens our position in Saudi Arabia, which is one of the world's largest growth areas for power-generation equipment," the company said.

The power plant segment of ABB employs approximately 34,000 people worldwide and had sales of $7 billion in 1992.

The ABB group employs 218,000 people worldwide and had sales of $30 billion in 1992.