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Contract Win

19th Nov 2012 07:00

RNS Number : 4135R

Aggreko PLC

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

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