Aggreko supply 215 MW
of temporary power in the Sultanate of Oman and Panama
9 February 2010
Aggreko plc, the world leader in the provision of
temporary power and temperature
control, is pleased to announce that it has signed two
contracts, together worth an estimated $75 million, for the supply
of 215 MW of temporary power in Panama and in the
Sultanate of Oman.
The first contract is with the Panamanian state power generating
utility, Empresa de Generación Eléctrica SA
(EGESA), and involves the supply of 100 MW
of power generation to support the Panamanian national
grid.
The contract is for an initial duration of 12 months. This is
the first major contract the company has signed with the Panamanian
generating utility, and is the largest ever signed by Aggreko in
the region.
Panama was identified by Aggreko as a key market three years
ago, and the contract follows the recent opening of a new regional
hub in the country.
The requirement for emergency power has arisen
because of low rainfall which has depleted the capacity of hydro
power-plants, and shortfalls in production from other suppliers to
EGESA. Under the contract, Aggreko will provide base load power for
the grid at two locations at up at 115,000 volts.
The second contract is with the Omani utility, Oman
Power and Water Procurement Company. It comprises the
supply of 115 MW power generation
across five sites for a minimum three month period to provide
additional power generation during the summer months.
“Yet again, our ability to deliver very large amounts of
utility-grade power within weeks to customers has proved to be a
compelling proposition for utilities who need to keep providing
stable power supplies to their customers”, said
Rupert Soames, the Chief Executive of Aggreko. “These
two contracts also underline the global reach of Aggreko and the
ability to deliver power cost-effectively for short periods of time
to help utilities overcome temporary shortfalls”.
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Editor’s Notes
Aggreko plc is the world leader in the supply of temporary power
and temperature control solutions. Aggreko employs over 4,000
people operating from over 133 locations. In 2008 we served
customers in over 100 countries, and had revenues of approximately
£950m (USD $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 or
indeterminate length of 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.
Aggreko has been serving customers in the Middle
East for over 15 years, and has been operating in
Central America since 2005.
For more information, please visit the company website at:
www.aggreko.com