Swiss engineering firm ABB (ABB.NYSE) announced yesterday that it has completed an 800-kilovolt ultra-high voltage (UHV) transmission line from the Xiangjiaba hydro plant in southwest China to Shanghai, Dow Jones reported. The line is approximately 2,000 kilometers in length, but ABB claims that the energy saved thanks to efficient UHV technology is equivalent to the power needs of 1 million people. ABB built the project for the State Grid Corporation of China for US$440 million and completed the project in 30 months, a year ahead of schedule. Analysts said the project’s success means the company is likely to receive more of such contracts in the future in China and other developing economies.
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