Aggreko signs $75m Oman, Panama deal

Two major contracts have been signed.

Aggreko, the world’s largest temporary power group, has signed two major contracts worth a combined $75m, to supply 215MW of temporary power in Oman and Panama.

The Panama contract, thought to be Aggreko’s largest to date in Latin America, will see the firm provide 100MW to the national grid over 12 months. Aggreko will provide base load power for the grid at two locations at up at 115,000 volts.

The second deal, with Oman Power and Water Procurement Company, will see Aggreko supply 115MW across five sites in the Arab sultanate during the summer months.

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The Glasgow-based firm provides short-term and emergency power to national grids, utilities and major events such as the Bahrain F1 and the Winter Olympics.

In a statement, Aggreko’s chief executive, Rupert Soames, said: “These two contracts 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.”

The company, which lists on the FTSE 100, employs more than 3,500 people worldwide including about 200 at its Glasgow headquarters.

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