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

0

Share

Published:

August 11, 2020

Country:

Comments:

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

dusan zivkovic eps general manager elektroprivreda srbije

Dušan Živković appointed as general manager of Elektroprivreda Srbije

15 June 2024 - The Supervisory Board of the joint stock company Elektroprivreda Srbije has appointed Dušan Živković as the general manager

Rezolv secures EUR 191 million loan for Vifor wind farm in Romania

Rezolv secures EUR 291 million loan for Vifor wind farm in Romania

14 June 2024 - The beneficiary of the loans is First Looks Solutions S.R.L., project subsidiary of Rezolv Energy and Low Carbon

eps transformation plan djerdap 1

Serbia’s power utility EPS adopts Transformation Plan

14 June 2024 - By adopting the Transformation Plan, Serbia has met an important structural benchmark within the framework of the arrangement with the IMF

bulgaria NEK pumped storage hydropower batak dospat

Bulgaria’s NEK gets help to prepare construction of two large pumped storage hydropower plants

14 June 2024 - The pair of new renewable energy sources, named Batak and Dospat, will each add generation capacity of approximately 800 MW