Hitachi ABB Power Grids has secured a STATCOM order from Ministry of Electricity and Renewable Energy of worth 431 Million Egyptian Pounds ($ 27.5 Million). The project is a big win of Hitachi ABB Power Grids as this is going to be the first STATCOM Egyptian transmission network which will be utilized to secure the electrical supply in the Al-Owainat area. Before this project, only SVCs from FACTS devices have been deployed in Egypt all serving local steel industry. This is going to be first utility STATCOM in Egyptian transmission network. Link to the news: