Aggreko PLC AGK Contract Win

  Aggreko PLC (AGK) - Contract Win

RNS Number : 4135R
Aggreko PLC
19 November 2012
 



 

 

 

                                                              19 November 2012

 

 

                                 Aggreko plc

 

  Aggreko signs 100 MW gas-fuelled temporary power contract in Côte d'Ivoire

 

Aggreko plc,  the  global leader  in  the  provision of  temporary  power  and 
temperature control services, confirms  reports in the  African press that  it 
has signed a contract to provide 100 MW of gas-fuelled temporary power in Côte
d'Ivoire.  The contract will run for two years, and is in addition to the  100 
MW Aggreko installed  in 2010; the  contract is subject  to the fulfilment  of 
certain conditions precedent usual for a contract of this type.  The estimated
value of the contract is  around $75 million, which  includes the supply of  a 
225 kv sub-station.

 

The  contract,  awarded  by  the   Société  des  Energies  de  Côte   d'Ivoire 
(CI-ENERGIES), will reinforce the power supply  in Cote d'Ivoire and act as  a 
bridge between  today's  immediate needs  and  the construction  of  permanent 
capacity. 

 

Rupert Soames, Chief Executive of Aggreko, said: "Following the success of the
existing 100 MW power plant, we are delighted that our customer has  entrusted 
us with a  further 100  MW.  We  believe this  underlines the  success of  our 
gas-fuelled power plants, in which we  have invested heavily in recent  years; 
world-wide we now have over 750 MW of gas-fuelled capacity on rent."

 

 

                                -----Ends----

 

 

Enquiries to:

 

Rupert Soames / Angus Cockburn

Aggreko plc

Tel: 0141 225 5900

 

Neil Bennett / Tom Eckersley

Maitland

Tel: 020 7379 5151

 

 

Editor's Notes

 

Aggreko plc  is  the  world  leader  in the  supply  of  temporary  power  and 
temperature control  solutions. Aggreko  employs over  6,000 people  operating 
from 165 locations. In  2011 we served customers  in about 100 countries,  and 
had revenues of approximately £1.4bn (USD $2.2bn or Euros €1.7bn). 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  our 165 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 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 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.
 
Aggreko is  the exclusive  supplier  of temporary  power  to the  London  2012 
Olympics, and we also provide power  to national grids in around 50  countries 
including Indonesia, Bangladesh, Angola,  Kenya, Venezuela, Chile, Brazil  and 
the USA.

 

                     This information is provided by RNS
           The company news service from the London Stock Exchange
 
END
 
 
CNTFFDSMUFESEIF -0- Nov/19/2012 07:00 GMT