Aggreko powers on with contract wins in South America and Africa

PORTABLE power supplier Aggreko has signed a two year contract in Argentina and extended an existing contract in the Ivory Coast.

The Cannock-based firm has signed a two year contract to provide an additional 150MW of diesel-fuelled power in Argentina. The agreement was awarded by Energia Argentina SA (ENARSA) following a period of negotiation.

Additionally, it has agreed to extend its existing 300MW of capacity contract with the same customer for approximately two more years.

The firm said that in In negotiating these contracts it has reached a settlement on an amount of outstanding debt, which had previously been provided against, and as such anticipates a small increase in the 2014 full year trading profit. 
 
Aggreko has also signed a three year extension for 200MW of gas-fuelled plant in Cote d’Ivoire (Ivory Coast) with the option for the customer to extend this for a further two years.

The contract, initially awarded by the Société des Energies de Côte d’Ivoire (CI-ENERGIES) in 2010, will reinforce the power supply in the country.

No monetary value has been put on the latest contract wins and extensions.
 
Chris Weston, chief executive officer of Aggreko, said: “It is pleasing to build on existing relationships and to have been selected to assist our customers in Argentina and Cote d’Ivoire with their on-going power needs. 

“The extension of 500MW of existing contracts, for multiple years and new work in Argentina gives us positive momentum as we begin 2015.”