Aggreko has won a £37 million contract to supply temporary power to the Olympic and Paralympic Games in London in 2012.
The Glasgow-based company has been awarded a contract by the London Organising Committee of the Olympic Games and Paralympic Games (LOCOG) to be the exclusive supplier of temporary energy services for the event.
Aggreko will provide about 220 megawatts of power to the games—around 60 megawatts more than it supplied at the 2008 Beijing Olympics.
The company has already provided power for the football World Cup in South Africa and the Vancouver Winter Olympics. It has now been signed up as a sponsor for London 2012 following the contract win.
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 include the supply of power to an industrial site which needs to service its permanent power supply, supplying a city in the event of a power shortage, or providing sporting eventswith power and cooling systems. Its customers also include power utilities in over 50 countries including the UK, France, Kenya, Indonesia, Argentina, Chile, Brazil and the US.
The company raised its profit expectations last week, saying that its work on the World Cup had increased its first half revenues by nearly £29 million.
The company said that it anticipates trading profit in 2011 to be at a similar level to 2010, representing strong underlying year-on-year growth.
Aggreko employs over 5,000 people operating from over 144 locations. In 2009 it served customers in about 100 countries, and posted revenues of approximately £1 billion.
