4th Apr 2011 07:16
Aggreko plc
Aggreko mobilises 200 MW emergency power for Japan
The Tokyo Electric Power Company Incorporated (TEPCO) has signed a Letter of Intent with Aggreko stating that it intends, subject to negotiation of definitive terms, to award Aggreko a contract for the rental of 200 MW of emergency power. The contract would be for 100 MW of gas-fired and 100 MW of diesel-fired generation, and would be for a minimum one year term. In view of the challenges facing the Japanese power supply, Aggreko has undertaken to start mobilisation of the equipment immediately.
It is intended that the power plants will be installed at sites in the Tokyo Bay area, and will help to sustain the supply of electricity to consumers and industry which has been seriously affected by the recent earthquake and tsunami. The Aggreko plant is expected to start delivering power to the grid in June.
Rupert Soames, Chief Executive of Aggreko said, "Within a few days of the disaster, Aggreko entered into discussions with TEPCO to bring additional power to the grid. TEPCO has moved extremely fast and with great professionalism to define an engineering solution which will bring additional generating capacity to Japan. Aggreko is pleased it is able to be of assistance to the country at this very difficult time."
-Ends-
Enquiries to:
Rupert Soames / Angus Cockburn
Aggreko plc
Tel: 0141 225 5900
Neil Bennett / George Hudson
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 4,000 people operating from 148 locations. In 2010 we served customers in about 100 countries, and had revenues of approximately £1.2 bn. 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 148 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.
Recent customers include the Beijing 2008 Olympics, the Vancouver 2010 Olympics and the power utilities in over 50 countries including the UK, France, Angola, Kenya, Indonesia, Bangladesh, Venezuela, Chile, Brazil and the USA.
For more information, please visit the company website at: www.aggreko.com
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