17-month contract signed with Corporaci?n Chilena del Cobre (CODELCO)
5MW power package to be provided during construction of Gaby mine
Power delivery begins a week after the finalisation of the contract
Aggreko, world leader in the provision of temporary power and temperature control services and Corporaci?n Chilena del Cobre (CODELCO), the world's biggest copper producer, have signed a 17-month contract for the supply of a 5MW power package for the construction of Gaby mine in northern Chile.
State-owned CODELCO, which produced 11 per cent of the world's copper in 2005, selected Aggreko after an intense bidding process, primarily due to the company's ability to commit to plant installation within two months
The location of Gaby mine makes power security an important concern; the mine is very isolated and reliable power supply is central to the success of the project. After an evaluation of the various contenders, CODELCO awarded the contract to Aggreko because the company clearly understood the specific requirements of the project. Crucially Aggreko were able to agree to a two-month plant installation deadline.
Pablo Varela, Aggreko's country Manager for Chile, confirmed "Timing was crucial and we managed to start providing energy within 10 days of receiving the letter of intent, enabling CODELCO to maintain operations and camp construction. Aggreko were also preferred as we were able to develop a solution specific to the project's requirements; working very closely with CODELCO engineers to guarantee a safe and efficient operation. Health, safety and environment issues are among the top concerns of a mining operation and we ensured our compliance with mining regulations". The Aggreko temporary power plant, located 2,700mts above sea level, runs around-the-clock to sustain continuous construction. The site is managed throughout by a dedicated team of service engineers.
A worldwide operation, Aggreko, over the years, has served the needs of diverse industries, occasionally supplying vital power to projects in some of the most inhospitable regions on the planet. "Our extensive experience and proven record of reliable service, combined with our ability to provide rapid turnkey solutions, is what motivates companies and governments to work with us. We are very pleased to be able to work with CODELCO on a project of this magnitude, that will undoubtedly have a future impact on the Chilean economy," Pablo Varela added.
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About Aggreko
Aggreko plc is the global leader in the rental of power, temperature control and oil-free compressed air systems. We help customers in many different industries to improve and safeguard their operations by solving problems, creating opportunities and reducing risk. Aggreko provides 24/7 availability and service support with more than 2,500 employees operating from over 100 locations in 28 countries. In 2006, we served customers in more than 90 countries, and had revenues of 540.7m. Aggreko plc is listed on the London Stock Exchange (AGK.L) and headquartered in Scotland. For more information, please access the company website at http://www.aggreko.com.
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© Press Release 2007
