Aggreko Bags $30m Contract From KenGen, For Supply Of 140MW Power
UK-based Aggreko, a provider of temporary power and temperature control, has signed a contract with the Kenya Electricity Generating Company (KenGen), an electric power generation firm, to supply an extra 140MW of oil powered emergency power capacity.
The contract would involve the installation of an additional 80MW at Aggreko's existing site at Embakasi, outside Nairobi and 60MW at a new site near Naivasha. The value of the contract is estimated to be around $30m and the minimum period of the contract is 12 months.
The company is expected to make available 40MW out of the 80MW at Embakasi by the end of September 2009. The remaining 40MW in Embakasi and 60MW in Naivasha would be available in October 2009.
Already the company is supplying KenGen with 150MW of temporary power from sites at Embakasi and Eldoret, and once the additional capacity is installed it would be able to supply 290MW to the national grid. Currently, the company is supplying approximately 1,000MW of temporary power in 20 countries in Africa.
Rupert Soames, chief executive of Aggreko, said: "We are delighted to have been selected by KenGen to provide them with this additional temporary power, which is a testament to the good experience they have had with Aggreko as a supplier over the last few years. A 140MW permanent power plant would take several years to finance, build and commission, but Aggreko can deliver this capacity in a matter of weeks, and this flexibility means that customers can respond quickly to maintain power supplies."