Olympics a winner for Aggreko

Aug 27 2008 by Peter McCusker, The Journal

THE UK-based power provider Aggreko hailed its own “flawless” performance at the Beijing Olympics.

Glasgow-based Aggreko said the operation to supply 140MW of power at 37 venues during the Games – one of the biggest power provision deals of its kind – was worth around £21.7m in revenues.

The Olympics contributed £9.7m to the company’s half-year results, which rose 43% to £67.9m yesterday.

Revenues were 28% higher at £407.7m thanks to strong growth in emerging markets such as the Middle East and Latin America. Performance in Europe and the US was more subdued. Around 150 of the firm’s staff have been in China for the Beijing Olympics, installing around 480 kilometres of cable. Their attention is now turning to the Paralympics in a few weeks’ time. Aggreko said it had won a deal to provide 9MW of power for the construction of the London 2012 Olympic Village.