Electricity

Hitachi ABB Power Grids to operate in seven Balkan countries

Hitachi ABB Power Grids to operate in six Balkan countries

Photo: Nina Dusper Sušić

Published

August 11, 2020

Country

Comments

comments icon

0

Share

Published:

August 11, 2020

Country:

Comments:

comments icon

0

Share

The newly-formed joint venture Hitachi ABB Power Grids has said it will operate in the region under the Balkan Cluster that covers seven countries – Albania, Bosnia and Herzegovina, Croatia, Kosovo*, Montenegro, North Macedonia, and Serbia. The company’s top officials have also said that “world-class power grid solutions” will help it play an active role in the global decarbonization of energy systems.

Hitachi Ltd. and ABB Ltd. have announced the completion of all required procedures and the formation of Hitachi ABB Power Grids Ltd., in which Hitachi will have an 80.1% stake. The combined entity, which will be headquartered in Zurich, Switzerland, has annual revenues of about USD 10 billion and employs 36,000 people in 90 countries, according to a press release.

Hitachi ABB’s Balkan Cluster will be headed by Nina Dusper Sušić

Hitachi ABB’s Balkan Cluster will be headed by Nina Dusper Sušić, the former head of protection and control system and financial controller. After obtaining two master’s degrees at the Sorbonne University, Dusper Sušić began her professional career in the corporate finance sector in France, where, among other activities, she founded and invested in renewable energy funds, according to the press release.

Claudio Facchin, CEO of Hitachi ABB Power Grids, said the company will remain committed to powering a sustainable energy future, “as the partner of choice for enabling a stronger, smarter and greener grid.”

Intelligent grid solutions will “help achieve the UN’s clean energy goal”

According to Toshikazu Nishino, the joint venture’s board chairman, Hitachi’s “leading digital technologies merged with world-class power grid solutions” will help the new company to play an active role in the global transformation and decarbonization of energy systems for a sustainable energy future.

He also said that intelligent solutions for a more dynamic grid will contribute to achieving the UN’s Sustainable Development Goal 7 of “affordable, reliable and clean energy,” according to the press release.

* This designation is without prejudice to positions on status and is in line with UNSCR 1244/99 and the ICJ Opinion on the Kosovo declaration of independence.
Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

bih concession solar ljubinje trebinje cicevo bancici srpska

Republic of Srpska grants two concessions for solar power plants

18 February 2025 - The deadline to sign concession contracts for the two power plants is 60 days and it expires in early April

Race against time for Greece to avoid a blackout on Easter

Race against time for Greece to avoid a blackout on Easter

18 February 2025 - Greek authorities are rushing to secure the electricity system against a possible blackout during Easter

IEA Renewables cover almost all electricity demand growth 2027

IEA: Renewables to cover almost all electricity demand growth through 2027

17 February 2025 - A sharp increase in global electricity demand is expected in the next three years, IEA said and estimated that renewables would cover 95%

Petrol NGEN start strategic partnership in advanced energy solutions

Petrol, NGEN start strategic partnership in advanced energy solutions

17 February 2025 - Petrol and NGEN have joined forces in digitalization for energy management and adaptation to fluctuations in power production and consumption