1 March 2010
Aggreko plc is pleased to announce that, along with its joint venture partner Shanduka Group, it has signed a contract to provide temporary power and temperature control for broadcast and technical services for the 2010 FIFA World Cup in South Africa.
The contract involves providing broadcasting power in all 10 World Cup Stadium Venues, the International Broadcast Centre (IBC) and FIFA headquarters, as well as temperature control at the IBC. This will support the broadcasting of the 64 matches of the competition to over 3 billion people world-wide. The estimated value of the contract is £30 million, and will involve the installation of some 300 kilometres of cable and 30 megawatts of generating capacity.
Shanduka Group is a leading African investment holding company, and has formed an unincorporated joint-venture with Aggreko to execute the World Cup contract. Both companies worked together to supply temporary power to the FIFA 2009 Confederations Cup in South Africa.
Aggreko has customers in 20 countries in Africa and is providing over 1,000 megawatts of temporary power on the continent.
Rupert Soames, Chief Executive of Aggreko, said: “Having recently supplied temporarypower to both the Vancouver Winter Olympics and last year’s Confederations Cup in South Africa, we are delighted to have been selected by the 2010 FIFA World Cup Organising Committee to secure their broadcast power. This underscores our position as the leading supplier of power and temperature control to major sporting events worldwide.”
Aggreko plc is the world leader in the supply of temporary power and temperature control solutions. We employ over 4,000 people operating from over 133 locations. In 2008 we served customers in over 100 countries, and had revenues of approximately £950m (US$1.6bn or Euros €1.1bn). Aggreko plc is listed on the London Stock Exchange (AGK.L), is a member of the FTSE-100 index, and is headquartered in Scotland. For more information, please visit the company website at www.aggreko.com.
Aggreko provides power and temperature control solutions to customers who need them either very quickly, or for a short time. Examples would be the supply of power to an industrial site which needs to service its permanent power supply; supplying a whole city in times of power shortage; or providing a major sporting event with power and cooling systems. We serve our customers either through 120 service centres, which we call the Local Business, or globally through our International Power Projects business.
In the Local business, which accounts for about 60% of our revenues, we hire our equipment to customers, who then operate it for themselves, although we retain responsibility for servicing and maintaining it. In the International Power Projects business, which accounts for about 40% of revenues, we operate as a power producer.
We install and operate power plants and we charge our customers both for providing the generating capacity, and for the electricity we produce. We design and manufacture equipment specifically for these requirements in our factory in Dumbarton, Scotland.
Recent customers include the Beijing 2008 Olympics, the Vancouver 2010 Olympics and the power utilities in over 50 countries including the UK, France, Angola, Kenya, Indonesia, Bangladesh, Venezuela, Chile, Brazil and the USA.