Aggreko, the world leader in the provision of temporary power and temperature control, is pleased to announce that it has signed two contracts, together worth an estimated $75 million, for the supply of 215MW of temporary power in Panama and in the Sultanate of Oman.
The first contract is with the Panamanian state power generating utility, Empresa de Generación Eléctrica (EGESA), and involves the supply of 100MW of power generation to support the Panamanian national grid.
The contract is for an initial duration of 12 months. This is the first major contract the company has signed with the Panamanian generating utility, and is the largest ever signed by Aggreko in the region.
Panama was identified by Aggreko as a key market three years ago, and the contract follows the recent opening of a new regional hub in the country.
The requirement for emergency power has arisen because of low rainfall which has depleted the capacity of hydro power-plants, and shortfalls in production from other suppliers to EGESA. Under the contract, Aggreko will provide base load power for the grid at two locations at up at 115,000V.
The second contract is with the Oman Power and Water Procurement company. It comprises the supply of 115MW of power generation across five sites for a minimum three-month period to provide additional power generation during the summer months.
“Yet again, our ability to deliver very large amounts of utility-grade power within weeks to customers has proved to be a compelling proposition for utilities who need to keep providing stable power supplies to their customers,” said Rupert Soames, the chief executive of Aggreko. “These two contracts also underline the global reach of Aggreko and the ability to deliver power cost-effectively for short periods of time to help utilities overcome temporary shortfalls.”