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ABB wins US$ 112-million order for China’s Three Gorges project

Switzerland–ABB, the global technology and engineering company, has been awarded a contract to deliver advanced high-voltage switchgear for the Three Gorges hydro power station in China. The US$ 112-million contract – the third order ABB has won for this major power infrastructure project – was awarded by the China Yangtze Three Gorges Project Development Corporation. Construction is scheduled to begin in the year 2001 and to be completed in 2004.

Acres International replies

(August 27, 1999) We feel compelled to correct the record as it has been characterized in Patricia Adams’ commentary. Ms. Adams refers to Acres International and suggests that monies were improperly paid by our company to an official with the Lesotho Highlands Development Authority (LHDA). This is simply not the case. We did not make any such payments, and we have no knowledge of any improper transactions.