APR and Hertz Dayim sign KSA power deal
Pair will cooperate on large-scale power projects
APR Energy and Hertz Dayim Equipment Rental have announced a partnership agreement to develop business for fast-track power solutions in Saudi Arabia, with APR saying it hopes to utilise Saudi Arabia's available natural gas resources to power turbines.
APR Energy's power solutions will be delivered through Hertz' business network in Saudi, and the two companies will collaborate on business development opportunities for large-scale power projects, as well as cooperate on various co-branded marketing activities within the KSA.
"We are pleased to expand our equipment rental portfolio with large scale power solutions for our utility, construction, and industrial customers in Saudi Arabia," said Lois Boyd, group president, Hertz Equipment Rental Corporation.
"With APR Energy's leading-edge power solutions, our customers will have access to cost-efficient, reliable electricity, on a fast-track basis, along with dedicated project management support."
John Campion, CEO of APR Energy, called Saudi Arabia a "high priority market" for the company.
There are plans to increase the Saudi's generating capacity from 55GW to 120GW by 2020 in order to meet rising demand, while supplies from the national grid can be unreliable, especially in remote locations.
Campion said that the country's large natural gas reserves, the fifth largest in the world, would provide opportunities for both gas reciprocating engine and dual-fuel turbine technologies.
APR Energy opened its MENA regional hub in Dubai in 2012, and has executed power projects in Oman and Yemen.
In Oman, APR Energy designed, installed, and commissioned a fast-track, turnkey power plant to provide 24MW (33kV) of peak demand backup power via MEDCO, one of the Sul¬tanate’s electricity distribution companies. Earlier this year it signed a 250MW contract for mobile gas turbines in Libya.
Hertz Dayim Equipment Rental has one depot in Dammam, with plans of expansion into Jeddah and Riyadh this year.