70 MW Project Powered by
Natural Gas
26th March 2010
Aggreko plc, the global leader in the provision of
temporary power and temperature
control services, has signed a contract with the national
utility company of Côte d’Ivoire to provide 70 MW of temporary
power fuelled by natural gas to support the country’s national grid
for the next two years. The estimated value of the contract is
around €35 million.
Largest ever gas-fuelled temporary power contract
The contract, awarded by the Société de Gestion du Patrimoine du
Secteur de l'Electricité (SOGEPE) and the Société
d'Opération Ivoirienne d'Electricité (SOPIE), will help alleviate
power cuts and stabilise the national power grid, following recent
plant breakdowns. Given the urgency of the requirement, Aggreko
will begin mobilising equipment to Côte d’Ivoire as soon as the
usual contractual protections and guarantees have been put in
place, and expects to have the power plant operational in
May. Once commissioned, the plant will run continuously,
providing power to the national grid on a 24 x 7 basis.
This is the first contract Aggreko has been awarded in Côte
d’Ivoire, and will be Aggreko’s largest gas-fuelled
power project.
Aggreko has over a decade of experience providing
temporary power in
Africa, where it is currently supplying over 1,000 MW
of power across 17 countries.
Rupert Soames, Chief Executive of Aggreko, said: “Four
years ago we started investing in gas-fuelled power generation and
we now have a fleet of over 250 MW. Gas is a cleaner, and
often cheaper, fuel than diesel, but historically gas plants have
taken many months to construct. Due to our investment in
designing and packaging standardised power plants, we are proving
that it is possible to provide cost-effective utility-scale gas
power solutions in a matter of weeks.”
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Editor’s Notes
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 2009 we served
customers in over 100 countries, and had revenues of approximately
£1,023m. 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 http://www.aggreko.com/.
Aggreko provides power and temperature control solutions to
customers who need them either very quickly, or for a short 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 half 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 also
accounts for about half of our 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 Winter Olympics, and the power utilities in over 50
countries including the UK, France, Angola, Kenya, Indonesia,
Bangladesh, Venezuela, Chile, Brazil and the USA.