Aggreko PLC Aggreko awarded Olympic supply contract (4998K)
December 14 2018 - 1:01AM
UK Regulatory
TIDMAGK
RNS Number : 4998K
Aggreko PLC
14 December 2018
RNS
14 December 2018
Aggreko plc
Aggreko Events Services Japan Limited awarded the supply
contract for temporary electricity generation by The Tokyo
Organising Committee for the Olympic and Paralympic Games
Aggreko plc, the global leader in the rental of power, heating
and cooling, is pleased to announce that its subsidiary Aggreko
Events Services Japan Limited ('AESJL') has been awarded the supply
contract in the category of 'Temporary Electricity Generation' by
The Tokyo Organising Committee of the Olympic and Paralympic
Games.
As part of the supply contract AESJL will provide temporary
electricity (generation and distribution) systems to support the
Tokyo 2020 Olympic and Paralympic Games. AESJL's extended scope of
supply includes temporary medium and low voltage power systems
across 43 competition venues, the Athletes Village and the
International Broadcast Centre, ensuring reliable power for all
stakeholders in the venues and uninterrupted television broadcast
to millions of viewers.
The value of the supply contract is expected to be in the region
of $200m, and reinforces Aggreko's confidence in its ability to
achieve its mid-teens ROCE target in 2020.
Aggreko has a proven track record in supporting high profile
events including this year's PyeongChang Winter Olympics, Gold
Coast Commonwealth Games, European Championships in Glasgow and
Ryder Cup in France.
Chris Weston, Chief Executive Officer said: "We are delighted to
have secured what is one of the most prestigious event contracts
won by Aggreko. Our experienced team will support the Tokyo 2020
Organising Committee to ensure our role in the success of the 2020
Olympic and Paralympic Games is flawlessly delivered."
Enquiries
Investors and analysts
Jill Sherratt, Aggreko +44 7970 142 486
Media
Liz Morley, Stonehaven +44 7919 615 222
John Sunnucks, Vico Partners +44 7990 003 314
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END
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