Two year deal to supply 100MW of gas generated power adds to 2010 contract win in the region
Temporary power specialist Aggreko has secured a new $75 million (£47 million) contract to provide 100 megawatt (MW) of gas-fuelled temporary power in Côte d'Ivoire (Ivory Coast).
The two-year contract, awarded by the Société des Energies de Côte d'Ivoir, includes Aggreko supplying a 225 kilovolt (kv) sub-station.
Aggreko already has 100 MW installed in the region from a 2010 contract award.
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."
Glasgow-based Aggreko now employs more than 6,000 people globally across 165 locations.
Aggreko announced in October it expected full year profits to be 2.5 per cent lower than forecast as a result of exchange rate movements and bad debt provisions.
Full-year pre-tax profits, before amortisation, are expected to be in the region of £365 million against analysts expectations of £377 million.
The group said in its third quarter update it was taking a "more conservative view" of its growth rates in the emerging markets going into next year.
Shares in Aggreko were up more than one per cent in early trading today.