As previously notified to the Stock Exchange, Aggreko plc, the world leader in the provision of temporary power and temperature control solutions, has signed a two-year contract with Yemen’s state-owned Public Electricity Corporation for the supply of 50 MW of generating capacity to power the development of infrastructure and services to support the country’s rapidly-developing economy.
In Yemen, where power demand is estimated to grow between 7 to 10% annually, the country has been faced with shortages. While purchase of generators by individual company’s to meet business requirements is not unusual in Yemen, this is the first time the state authority has undertaken to hire a private company to support the grid and meet the nation’s growing power requirements.
Equipment for the contract will be transported from Aggreko’s regional headquarters in Jebel Ali, Dubai. Generating capacity will be operational in May 2006 ahead of the country’s annual celebration of Yemen Reunification Day on May 22, to commemorate the merger of North and South Yemen.
This two-year contract was won following a competitive public tender. Commenting on the contract, Dr. Ali Mohamed Mujawar – Minister of Electricity, said: “As Yemen pursues its plan of economic reform, it requires the support of a strong infrastructure. The contract with Aggreko will enable us to move ahead with our plans. Aggreko won the contract because of its commitment to having the equipment for contract delivered to the site and on-line in the time frame required.”
According to James Shepherd - Area Director Middle East, Aggreko equipment for the contract will be installed in four sites in the Red Sea town Al Hudaydah, which is 144 miles from the capital Sana’a. “The power would immediately be required for the reunification ceremony after which it will be used to support the grid as it can be exported from Aggreko's 11kV system to the 132kV system of Yemen's national grid.”
“Aggreko has a wealth of experience with grid support, and the power package being provided has been tailored to the country’s specific requirements. This is our first contract in Yemen and we are very pleased to be able to work with the Yemeni authorities to support national development,” he said.
Aggreko plc is the global leader in the rental of power, temperature control and oil-free compressed air systems. We help customers in many different industries to improve and safeguard their operations by solving problems, creating opportunities and reducing risk. Aggreko provides 24/7 availability and service support with more than 2,000 employees operating from over 100 locations in 25 countries. In 2005, we served customers in 80 countries, using more than US$1bn of rental equipment. Aggreko plc is listed on the London Stock Exchange (AGK.L) and headquartered in Scotland. For more information, please access the company website at http://www.aggreko.com.
