Aggreko to Supply 122 MW of Cross-Border Power to Mozambique and Namibia
LUANDA, Angola, March 14, 2013/African Press Organization (APO)/ — Aggreko (http://www.aggreko.com) is pleased to announce that it has signed Tri-Party Power Purchase Agreements (TPPA) with Electricidade de Moçambique (EDM), the Mozambique power utility and NamPower, the Namibian power utility, to provide 122 MW of gas-fuelled power from the Aggreko interim power plant located at Gigawatt Park at Ressano Garcia, Mozambique. The agreement follows the authorisation by EDM for the direct supply of power by Aggreko to NamPower and will see the installed capacity of 122 MW split between the two utilities with EDM utilising up to 32 MW and NamPower up to 90 MW, based on the specific needs of both utilities.
Aggreko built the facility at Ressano Garcia in 2012 as part of an ambitious project in which it became the first cross-border, interim Independent Power Provider to the Southern African Power Pool (SAPP). Under the first phase of the project, which started power production in July 2012, Aggreko and its joint-venture partner Shanduka supplies power to EDM for national energy requirements in Mozambique, and also generates power for the South African utility ESKOM. The success of this initial project, which is currently providing 110 MW of power to the two utilities, has enabled Aggreko to offer additional power to other members of the Southern African Power Pool, which is one of the largest interconnected grids in the world and links the power networks of nine countries in Southern Africa.
The combination of Aggreko’s industry-leading technical expertise and its extensive gas-powered generation fleet has enabled it to offer this solution to help satisfy the growing power demands of Southern Africa. By utilising the exceptional regional transmission infrastructure, Aggreko will be able to supply power generated in Mozambique to Namibia, more than 1,500 kilometres away, as well as locally to EDM. Both EDM and Eskom will play a key role in delivering this power to Namibia. EDM will transmit the power over its network to the South African border where NamPower will take delivery. Eskom on behalf of NamPower will handle the wheeling of the power across the South African grid network to Namibia.
The new 122 MW plant is scheduled to go into production in the second quarter of 2013 and will supply power for a minimum of two years. Natural gas to the project will be supplied by the Matola Gas Company SA through their gas infrastructure at Ressano Garcia and Aggreko will generate power utilising a sub-concession agreement with Gigawatt Mozambique SA. The total value of the project is likely to be in excess of $200 million, including fuel costs.
Rupert Soames, Chief Executive of Aggreko plc said: “This new project will make Ressano Garcia the world’s largest cross-border interim power plant, with over 232 MW of gas-fuelled power generation. It underlines the immense potential of the Southern African Power Pool to be a real conduit of cooperation and development among the countries of Southern Africa. The fact that three national utilities are collaborating to support each other’s energy requirements is testament to the benefit of working together for the common good.”
Paulinus Shilamba, Managing Director, NamPower said: “This innovative approach to securing an effective power supply for the people of Namibia is a great example of the spirit of Southern African cooperation. This unique project will contribute to the provision of a reliable power supply across Namibia and support the continued development of the country.”
Augusto Sousa Fernando, CEO of EDM added: “Following the first project enabled by EDM, in its role as the national power utility and system operator in Mozambique, we would once again like to welcome the second phase of the Aggreko interim power plant at Ressano Garcia, which will assist EDM and its partners in the SAPP to bridge the period until we implement our permanent plants in Mozambique.”
Distributed by the African Press Organization on behalf of Aggreko plc.
Aggreko plc (http://www.aggreko.com) is the world leader in the supply of temporary power and temperature control solutions. Aggreko employs over 4,500 people operating from 165 locations. In 2011 we served customers in about 100 countries, and had revenues of approximately GBP 1.4bn (USD 2.2bn or Euros 1.6bn). Aggreko plc is listed on the London Stock Exchange (AGK.L), is a member of the FTSE 100 index, and is headquartered in Scotland. For more information, please visit the company website at http://www.aggreko.com.
Aggreko provides power and temperature control solutions to customers who need them either very quickly, or for a short or indeterminate length of time. Examples would be the supply of power to an industrial site which needs to service its permanent power supply, supplying a whole city in times of power shortage, or providing a major sporting event with power and cooling systems. We serve our customers either through our 165 service centres, which we call the Local business, or globally through our International Power Projects business.
In the Local business (http://www.aggreko.com/products-and-services), which accounts for about half of our revenues, we hire our equipment to customers, who then operate it for themselves, although we retain responsibility for servicing and maintaining it. In the International Power Projects business (http://www.aggreko.com/industries/case-study-library), which also accounts for about half of our revenues, we operate as a power producer. We install and operate power plants and we charge our customers both for providing the generating capacity, and for the electricity we produce. We design and manufacture equipment specifically for these requirements in our factory in Dumbarton, Scotland.
Recent customers include the London 2012 Olympic and Paralympic Games (http://www.aggreko.com/media-centre/press-releases/aggreko-supports-a-powerful-london-2012), the Vancouver 2010 Olympic Winter Games (http://www.aggreko.com/events/the-olympics/vancouver-2010) and the power utilities in over 50 countries including the UK (http://www.aggreko.co.uk), France (http://www.aggreko.fr), Angola, Kenya http://africa.aggreko.com), Indonesia, Bangladesh, Venezuela, Chile (http://www.aggreko.cl), Brazil (http://www.aggreko.com.br) and the USA (http://us.aggreko.com).
In 2011 we fulfilled almost 43,000 customers’ assignments and when researched, 69% of them gave us a recommendation of 9 or 10 out of 10.
For more information, please visit the company website at: http://www.aggreko.com
Rupert Soames / Angus Cockburn
Tel: +44 141 225 5900
Neil Bennett / Tom Eckersley
Tel: +44 20 7379 5151