UK power firm invests $10m

Aggreko Plc., a power generation equipment supplier based in the United Kingdom, on Tuesday opened a $10-million depot in Laguna province to help avert power outages in the country.

The depot, located at the Trans Ocean Cabuyao Yard in Cabuyao, will serve the initial 30 megawatt needs of customers in Luzon and provide reliable power to the growing number of industries and consumers.

“The Philippines is one of our most strategic markets globally and in Asia, and our depot and service center opening makes our commitment very clear to serving our existing and potential customers in this market.  The Philippines’ sustaining 6-percent growth is ideal for Aggreko, with the country’s needs also growing,” Venkie Shantaram, managing director of Aggreko for North Asia told reporters.

Shantaram said the company wass looking at around 150 MW of installed capacity in the next two to three years. “We would also like to put up one or two more depots,” he said.

The company has projects in more than 100 countries which help bridge the gap in power generation requirements, where national grid infrastructure may be underdeveloped, unreliable, undergoing maintenance or compromised through natural disaster, such as flood, earthquake or drought.

”We recognize that the Philippines’ growing economy has done well compared with its neighboring Asian countries. But it has the potential to even do better if the power shortage situation can be addressed, especially with the availability of new technologies and creative solutions,” Maximino Montenegro, country manager of Aggreko Energy Rental Solutions Inc. said.

Aggreko is working with utilities and industrial companies in the Philippines to provide urgent power solutions.  The company has around 50 MW installed in several locations serving the needs of electric cooperatives , independent power producers, mines and other industries.

Aggreko has a combined installed capacity of 37 MW in Mindanao serving the franchise areas of Cagayan Electric Power and Light Inc., South Cotabato 1 Electric Cooperative and Davao del Sur Electric Cooperative Inc.

Aggreko, headquartered in Glasgow, Scotland, is the global leader in fast-track mobile power generation rental, which can range from a few days to many months, or on a more permanent, long-term basis, depending on the individual needs of customers.

The new Philippine depot will showcase Aggreko’s generators, as well as its bespoke turnkey solutions.

The company, which employs 7,300 people in more than 200 locations around the world, was established more than 50 years ago and is headquartered in the United Kingdom UK.

Aggreko designs, manufactures and services its own fleet and has a policy of supporting local communities, through education and employment.

It operates in a broad range of industries, including mining, on- and offshore oil and gas industry, manufacturing, construction, utilities and food and beverage industries, petrochemical, cement and utility companies.

It has also provides power for major events  such as the US presidential inauguration and major sporting events such as the  Summer and Winter Olympics and the Paralympic and Commonwealth Games, FIFA World Cups, the US national football championship (Super Bowl) and other global sporting tournaments.

Topics: Aggreko Plc. , Laguna depot , power outages
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