Aggreko plc, a Glasgow provider of temperature control and power, has finalized two contracts worth a total estimated $75 million for the supply of 215 MW of temporary power in Panama and in the Sultanate of Oman.
The first contract is with the Panamanian state power generating utility, Empresa de Generación Eléctrica SA (EGESA), and involves 100 MW of power generation to support the Panamanian national grid. The 12-month contract is the largest ever signed by Aggreko in the region. Panama was identified by Aggreko as a key market three years ago, and the contract follows the recent opening of a new regional hub in the country.
The requirement for emergency power has arisen because low rainfall has depleted the capacity of hydro power plants, and shortfalls in production have arisen from other suppliers to EGESA. Under the contract, Aggreko will provide base load power for the grid at two locations up to 115,000 V.
The second contract is with Oman Power and Water Procurement Co., which comprises 115 MW power generation across five sites for a minimum three months during the summer.