Aggreko signs largest-ever
gas-fuelled temporary power contract in Côte d’Ivoire
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.
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 project. The Company has over a
decade of experience 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.”
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.
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.