Aggreko to supply 200MW of power in Zimbabwe

18 April 2016

Aggreko plc

Aggreko to supply 200MW of power in Zimbabwe

Aggreko plc is pleased to announce that its Power Solutions business has signed a 3 year contract to provide 200MW of diesel-fuelled power in Zimbabwe. Aggreko's customer is Sakunda Holdings Pty Ltd (Sakunda) which has been awarded a contract with the ultimate customer, Zimbabwe Electricity Supply Authority (ZESA). Sakunda is responsible for the provision of fuel under the terms of its contract with ZESA. As is normal, the contract becomes effective once certain conditions are satisfied.

Chris Weston, Chief Executive, said:

"We are pleased with the award of this important contract. Our operational flexibility and our ability to deploy large amounts of equipment at short-notice, in particular our fuel efficient engines, was critical to this award. We look forward to supporting Sakunda and ultimately ZESA with their power needs over the coming years."

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Notes to Editors

Aggreko plc is the leading global provider of modular, mobile power and adjacent product solutions. Aggreko employs over 7,700 people operating from 204 locations. In 2015 we served customers in about 100 countries, and had revenues of approximately GBP 1.6bn (USD 2.6bn or Euros 2.0bn). Aggreko plc is listed on the London Stock Exchange (AGK.L) and is headquartered in Scotland.

In the Rental Solutions business, we operate in developed markets and develop solutions for, and rent our equipment to, customers who then operate it for themselves, although we retain responsibility for servicing and maintaining it. We operate across all sectors in the market, but are heavily involved in oil and gas, petrochemical and refining, mining and events.

In the Power Solutions business, we operate in emerging markets as a power producer. We install and operate modular, mobile power plants for both utility and industrial customers and we charge both for providing the generating capacity, and for the electricity we produce. In our Industrial business, as in Rental Solutions, we are market leaders in oil and gas, petrochemical and refining and mining, whilst our utility business helps countries solve their power shortages.

We design and manufacture equipment specifically for these requirements in our factory in Dumbarton, Scotland.