# ABB signs potential $1.9B deal for Power Grids products in China

ABB's Power Grids business signed memorandums of understanding potentially worth $1.9 billion to supply power transmission equipment to Chinese utilities including State Grid Corporation of China and China Southern Power Grid. The deal includes digital software and components for HVDC systems.

- Type: Contract
- Announced: 2018-11-01
- Where: China, China
- Value: $1.90B
- Status: announced
- Products: power transmission equipment, HVDC components, digital software
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [ABB](https://endata.com/companies/1547.md) (supplier)
- [China Southern Power Grid](https://endata.com/companies/3836.md) (customer)
- [State Grid Corporation of China](https://endata.com/companies/4270.md) (customer)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/HITACHI-LTD-6492458/news/Hitachi-ABB-signs-potential-1-9-billion-deal-for-Power-Grids-products-in-China-27653358/), 2018-11-23: "ABB's Power Grids business has signed deals that could be worth around $1.9 billion to supply power transmission equipment to utility companies in China"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.