Glasgow’s Aggreko wins $200m Olympic deal

Glasgow-based Aggreko, the world’s largest temporary power firm, said on Friday it has been awarded the $200m supply contract for temporary electricity generation by The Tokyo Organising Committee for the Olympic and Paralympic Games.

“As part of the supply contract AESJL (subsidiary Aggreko Events Services Japan Limited) will provide temporary electricity (generation and distribution) systems to support the Tokyo 2020 Olympic and Paralympic Games,” said Aggreko.

“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.”

Aggreko CEO Chris Weston 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.”