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.”
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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 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.