FTSE 100-listed Aggreko, a global supplier of rental power solutions, opened a depot in Cape Town on Friday, the fourth depot in SA.
The company wants to service the shipping, refining and entertainment and corporate events industries in the Western Cape region. It already has depots in Johannesburg, Durban and Port Elizabeth.
Aggreko, which has invested about R150m in SA, first came to the country during the Soccer World Cup in 2010, guaranteeing power supply throughout the event with its portable diesel and gas-powered 2MW to 100MW generator arrays.
It also wants to enter Namibia and Botswana markets, to expand its footprint in Africa.
“The world is running very short of electrical power,” CEO Rupert Soames said on Friday.
He said there was increasing demand for electricity, especially in emerging markets due to aging power generating capacity, where vast investment was needed.
The group has a base capacity of 9000MW — about 25% of Eskom’s 40000MW generating capacity — and supports power utilities in about 50 countries.
“It is a wonderful example of British industry making its way through South and southern Africa,” Andrew Henderson, Britain’s trade commissioner in Johannesburg, said on Friday.
Aggreko provides turnkey or user-operated supplementary power generation at short notice. It supplied 200MW of power to affected areas in Japan after last year’s earthquake and tsunami.
Aggreko said it could supply back-up electricity for renewable energy programmes such as that in SA, including for intermittent supply such as provided by hydro, solar and wind-generated power.
Article source: http://www.businessday.co.za/articles/Content.aspx?id=169652