ABB to upgrade Swedish nuclear facility

ABB Ltd said it has won a 24 million dollar contract from Sweden's OKG to help upgrade its Oskarshamn Unit 3 nuclear reactor on the southeast coast of Sweden.

OKG wants to increase power generation from currently 1,200 to 1,450 megawatts, enough to heat about 100,000 homes.

ABB’s technology will be used to transmit electricity from the plant’s power generators to Sweden’s 400-kilovolt grid, the Swedish-Swiss technology group said.

The project is scheduled for completion in mid-2008.

Oskarshamn Unit 3 is OKG’s largest reactor, which after the upgrade will operate until 2045.