This week begins with great anticipation for profitable trading opportunities. Banks in Europe and Canada will be closed on Monday, but traders could take advantage of the release of the Australian Monetary Policy Meeting Minutes. Later in the week, we are expecting inflation and retail sales data out the United Kingdom. These announcements will surely pave a clear direction for the British Pound. Meanwhile, home sales in the world’s largest economy will be put forth on Thursday. Whether the U.S. dollar is affected, that remains to be seen.

USD/CAD

Friday’s inflation report was softer than consensus expectations. Headline CPI is increasing at its slowest since October 2009 when the economy was still experiencing the consequences of the recession. In this environment, inflation is clearly not the main radar the Bank of Canada is looking at for now, but growth is. Given our expectations of subpar growth for 2013, rate hikes in Canada are unlikely anytime soon. Look for the Loonie to continue weakening in the coming days.

Stop loss 1.0250

Take profit 1.0315

Gold

The yellow metal started the new week on the wrong foot, tumbling during Monday’s morning session as traders increased their bearish bets on this commodity. It has been falling since October 2012, with the sharpest market movement taking place just last month. We have recently reached the lowest point last seen on April 14^th. Traders are advised to hold onto their short positions until further notice. We expect to reach $1,300 within days, possibly by Thursday of this week.

Stop loss $1,370

Take profit $1,300

USD/ILS

The Bank of Israel surprised with a 25 basis point rate cut to 1.5% last week, an intra-meeting move. The next scheduled meeting is set for May 27^th. We’ve been looking for more cuts, especially as the Shekel has strengthened in recent weeks. As it cut rates, the central bank noted that the shekel has been boosted by natural gas sales and global monetary easing. Furthermore, the Bank of Israel announced a plan to increase its holdings of foreign exchange in an effort to offset the money from gas sales. For now, the high probability of sequential rate cuts suggests this pair is likely to continue heading north. We’re currently aiming at 3.6370.

Stop Loss 3.6316

Take profit 3.6370

African Utility Week to gather 5000 power and water professionals in Cape Town in May

“Symbion Power and many other companies from the United States are ready to invest in Africa,” says Symbion Power CEO Paul Hinks.  “These firms are ethical,” Paul adds, “they have integrity and they need partners in both the public and private sectors.  The US government wants to support both the US and the African private sector as this is the route to development on the continent.  President Obama’s strategy for Sub Saharan Africa was set out in June 2012 and I am sure that everyone will soon see that he is committed to it.”

Symbion Power, a platinum sponsor at the upcoming African Utility Week, taking place from 14-15 May in Cape Town, recently acquired the South African power network contractor EJP, which Paul Hinks says was a vote of confidence in Africa: “we wanted a foothold in South Africa and we wanted to strengthen the management of our organization on the Africa continent.  EJ Power has good, experienced management who live in Africa.  We can’t manage day to day business with a whole day of time difference and between 9,000 and 13,000 kms of distance, depending which of our current operations you measure it against.”

Other interests in Africa
The company already has a good track record in Tanzania says Paul Hinks:  “Tanzania is the first country in Africa that we have worked in. Until then we were heavily focused on Iraq and Afghanistan so it has been a pleasure to return to Africa.  We now own three power plants in Tanzania generating 217 Megawatts and we have recently signed an agreement with the utility there, TANESCO, to jointly develop a 400MW power plant and a 650km transmission line in the south at Mtwara.  This plant will have the potential to provide natural gas fired power to neighboring countries such as Mozambique and Malawi and eventually it can feed the Southern African Power Pool.”

Symbion is also about to enter the Nigerian market since Transcorp Consortium which it is part of, recently won the bid for the acquisition of the 972 mega watts capacity Ughelli Power Plant – one of six power generation companies in that country being privatised.

Paul Hinks describes Nigeria as the most vibrant market in the energy sector in Africa.  He adds:  “it’s so very, very different than the Nigeria we used to hear about decades ago.  I tell everyone who is skeptical to just go there and see what’s happening and not rely on old information, or the words of people who haven’t been in recent years.  We will soon open a new office in Lagos that will become the headquarters of our African independent power business.  South Africa will be the headquarters for our construction and engineering business but we intend to pursue IPP opportunities in South Africa too.”

Symbiotic partnerships with local companies
According to Paul Hinks a big part of Symbion’s success in the power industry has been creating “symbiotic partnerships with local companies.  Not being greedy and trusting and sharing with our local partners.  Symbion’s men and women are committed and they are courageous.  They are not intimidated by adverse news reports about security issues and we make our own judgments about the risks we will take.  Eight years of Iraq and Afghanistan built a very strong team who look out for each other.”

Paul Hinks is also part of the CEO Forum during African Utility Week where he will facilitate the discussions around the financing of power projects.

African Utility Week
For the past 12 years, the African Utility Week conference and exhibition has helped to facilitate discussions around the opportunities in the power sector and has assisted in African utilities providing electricity and water to all of Africa. Co-located is Clean Power Africa, Africa’s leading event where major stakeholders from the renewable energy sector get together and explore clean generation as a feasible solution to fulfil Africa’s electricity needs.

The African Utility Week and Clean Power Africa expo is free to attend if visitors register online prior to the event and there are more than 60 free, CPD-accredited technical workshops on the exhibition floor.

African Utility Week dates and location:
Exhibition & Conference: 14-15 May 2013
Pre-conference Workshops: 13 May 2013

Site Visits: 16 May 2013
Location:  CTICC, Cape Town, South Africa

Websites: www.african-utility-week.com ; www.clean-power-africa.com

Contact:
Communications manager:  Annemarie Roodbol
Telephone:  +27 21 700 3558
mobile:  +27 82 562 7844
Email:  annemarie.roodbol@clarionevents.com

The Aggreko Shanduka cross-border power project, located at Ressano Garcia in Mozambique has been awarded Africa’s Best Fast Track Power Project in 2012 at the Africa Energy Awards. The award ceremony took place during the gala dinner of the Power and Electricity World Africa conference and exhibition being held from the 8th to 11th of April in Johannesburg.

Commissioned in July 2012, the Ressano Garcia project is recognised as the world’s first interim cross-border IPP (Independent Power Provider) project. Utilising natural gas from Mozambique’s Temane gas fields, the output of the plant is being injected directly into the national grid of Mozambique on site via a purpose built substation. The project saw the generation and supply of 110 MW of power to Electricidade de Mocambique (EDM), the national utility of Mozambique and cross-border to Eskom, the South African national utility.

Aggreko Generator Rentals are a global business in 133 locations in 100 countries, we have recently entered the footsie 100 and in Australia have been associated with the Webb group for 13 years.

While being a highly innovative project in terms of delivering much needed power to both countries, the judges where impressed by the truly fast-track nature of the project. Commissioning the project, from first breaking ground to being fully operational, took less than four months. This included a substantial civil infrastructure programme involving the building of access roads, a 1.2 km high pressure gas pipeline, gas processing and de-pressurising infrastructure, a major substation and 1.5 kilometres of 275 kV transmission line.

The project is connected to the Southern African Power Pool (SAPP) which links the power grids of nine Southern African countries. Taking advantage of this exceptional transmission infrastructure and the flexible nature of Aggreko’s power installations, on March 14th 2013 Aggreko (http://www.aggreko.com) announced that it would extend the Ressano Garcia facility to add an additional 122 MW. Coming on-line within the second quarter of 2013, this additional power will be shared between EDM and NamPower, the Namibian national utility and bring the total generating capacity of Ressano Garcia to 232 MW.

“To realise a project of this scale and complexity, the global resources of Aggreko were mobilised to project manage and engineer the installation of Ressano Garcia. This capability coupled with the expertise of our partnering contractors and customers, working together as one team resulted in the successful delivery of this remarkable project,” commented Ron Sams, Global Operations and Technology Director, Aggreko.

“We are thrilled to receive this award in conjunction with our partner Aggreko,” commented Phuti Mahanyele, CEO, Shanduka Group. “Access to sufficient and stable power supplies creates tremendous value for the development of the region. This project has also brought significant benefits to the local population, providing increased employment opportunities, stimulating wider economic activity and, through Shanduka’s Adopt-a-School Foundation, assisting in the development of a local primary school, Escola Primaria Completa De Ressano Garcia.”

Commenting on the award James Shepherd, Managing Director, Aggreko Southern and East Africa, “I’m delighted that what is indeed a unique and ground-breaking project has been recognised as such by our industry peers. Building a power plant of such size and complexity, on a completely greenfield site, in less than four months is truly remarkable. This award recognises the vision and hard work of the project team from Aggreko and Shanduka, our customers EDM and Eskom and all the partners that made this project such a resounding success.”

About Caterpillar

For more than 85 years, Caterpillar Inc. has been making sustainable progress possible and driving positive change on every continent. With 2011 sales and revenues of $60.1 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services, Caterpillar Logistics Services and Progress Rail Services.

CAT, CATERPILLAR, their respective logos, “Caterpillar Yellow”, the “Power Edge” trade dress, as well as corporate and product identity used herein, are trademarks of Caterpillar and may not be used without permission.

About Zahid Group

Zahid Group represents a diverse range of companies, offering comprehensive, customer-centric solutions in a number of thriving industries. Some of those include construction; mining; oil & gas; agriculture; power, electricity & water generation; material handling; building materials; transportation & logistics; real estate development; travel & tourism; waste management & recycling; and hospitality.

http://www.zahid.com

About Altaaqa Global

Altaaqa Global, a subsidiary of Zahid Group, has been selected by Caterpillar Inc. to deliver multi-megawatt turnkey temporary power solutions worldwide. Altaaqa Global is able to provide large-scale turnkey temporary power solutions anytime, anywhere at extremely short notice. Altaaqa Global has state-of-the-art temporary power equipment and focused expertise to quickly deliver power projects of 20MW to 100MW and more.

http://www.altaaqaglobal.com

Dubai, UAE – Caterpillar Inc. has entered into an international power projects (IPP) agreement with Zahid Group, which recently formed a new subsidiary company, Altaaqa Global. As an IPP partner, Altaaqa Global will provide multi-megawatt temporary power solutions around the world, supported by partnerships within the worldwide Cat^® dealer network.

L-R Front Row Fahad Y. Zahid & Bill Rohner; L-R Back Row Josh Eggert, Peter den Boogert, Stuart Levenick, Rick Rathe, Steven Meyrick

“We have been successfully serving our customers within the Kingdom of Saudi Arabia since our inception,” said Fahad Y. Zahid, Executive Vice President of Zahid Group. “In 2004, catering to local needs, we launched Altaaqa Alternative Solutions , which later became the world’s largest fleet owner of Cat Rental Power with over 750MW in its inventory. Through this IPP agreement, our new subsidiary, Altaaqa Global, will enable us to strengthen our position as a leading provider of turnkey temporary power solutions, now at a global level.”

“Zahid Group has demonstrated a proven track record of excellent customer service for more than 60 years,” said Bill Rohner, Vice President of Electric Power at Caterpillar. “Having them as a strategic partner will help expand Caterpillar’s evolving role in the IPP market.”

“Caterpillar’s global presence and Altaaqa Global’s temporary power expertise is a powerful synergy,” said Steven Meyrick, Managing Director of Altaaqa Global. “Bringing power to solutions is what we are offering. Bringing power where it is needed, when it is needed.”

“Our temporary power plants are mobile, easy to deploy and quick to install,” said Peter den Boogert, General Manager, Business Development of Altaaqa Global. “We can intelligently generate electricity within weeks in Africa, the Middle East, Latin America, Asia and the Pacific.”

Based in Dubai, United Arab Emirates, Altaaqa Global will provide fast-track and large-scale temporary power solutions from 20MW to 100MW and more, offering gas, diesel or dual fuel technology to various sectors such as oil & gas, power utilities, mining, government services, military, manufacturing and construction. The company aims to serve its customers with engineered solutions tailored to the specific requirements of each industry. Highly experienced Cat power generation consultants along with a specialized power generation team from Altaaqa Global are fully aligned right from the planning phase, ensuring that the technical and logistical aspects of projects are addressed both effectively and efficiently.

For more information, visit www.altaaqaglobal.com/pr.

The Carlson Rezidor Hotel Group – born in early 2012 – is one of the world’s largest and most dynamic hotel groups. The portfolio of the Carlson Rezidor Hotel Group includes more than 1,300 hotels, a global footprint spanning 80 countries, a powerful set of global brands (Radisson Blu, Radisson®, Country Inns & Suites by Carlson^SM, Park Inn by Radisson, Hotel Missoni and Park Plaza®). In most of the group’s hotels, guests can benefit from the loyalty program Club Carlson, one of the most rewarding loyalty programs in the world. The Carlson Rezidor Hotel Group and its brands employ more than 80,000 people. The Carlson Rezidor Hotel Group is headquartered in Minneapolis, USA, and Brussels, Belgium. http://www.carlsonrezidor.com; http://www.rezidor.com

The Carlson Rezidor Hotel Group, one of the fastest growing hotel companies worldwide, announces their 49^th hotel deal in Africa: The Radisson Blu Hotel, Port Harcourt Olympia in Nigeria is scheduled to open in 2016 and will add a further 206 rooms to Rezidor’s portfolio of 11,000 rooms on the continent.

“This announcement brings the total number to eight hotels which the Carlson Rezidor Hotel Group operates and has under development in Nigeria. The success of the Radisson Blu Lagos illustrates the increasingly high demand for world class hospitality in Africa’s second largest economy,” comments Andrew McLachlan, Vice President Business Development Africa & Indian Ocean Islands.

“The new Radisson Blu Hotel, Port Harcourt Olympia complements the existing Radisson Blu Anchorage Hotel in Lagos; the up and coming Radisson Blu Hotel in Abuja, and the Park Inn properties by Radisson in Lagos, Apapa, Ikeja, Abeoukuta and Abuja. Nigeria is a key development market for Rezidor – the group will be the first international operator to provide world-class hotel standards in the three major financial hubs of Lagos, Abuja and Port Harcourt”, McLachlan adds.

Opposite the Port Harcourt Club 1928 Golf course and offering spectacular views over the fairways and greens, the Radisson Blu hotel site is located in the southern part of the city in the less congested old Government Reserve Area. Besides 206 guest rooms all featuring Radisson Blu signature services such as free high speed internet access, the hotel will also offer an all-day dining restaurant, a specialty restaurant & bar, and the largest conference facilities within the Niger Delta, with 2,100 square metres of conference and meeting space. Additionally there will be a gym, spa, outdoor swimming pool, business centre and rooftop bar & terrace.

Port Harcourt is the economic hub of the Niger Delta and the capital of Rivers State, one of Nigeria’s richest states due its large crude oil and natural gas deposits. It is home to major oil companies, banking institutions and government agencies. Hotel room supply in the city has not grown for several years, and the Radisson Blu business and conference hotel will benefit from being the most modern internationally branded property in the city.

“With no significant increase in hotel room supply in Port Harcourt since 2006, we feel the time is ripe to establish a Radisson Blu in Port Harcourt for the business traveler,” remarks McLachlan, “Carlson Rezidor has the largest pipeline of rooms under development in sub-Saharan Africa. This signing further strengthens our leading position and underlines the importance Nigeria has for our group”.

7^th electro, automation & energy from 18 to 21 May 2013 in Algiers

The 7^th edition of Algeria’s leading energy exhibition takes place from May 18 – 21, 2013 at the Palais des Expositions d’Alger – Safex. Amongst numerous market leaders from nine countries, the Sonelgaz Group is one of the major exhibitors and Condor Electronics is the Platinum Sponsor. The event is accompanied by conferences on renewables and on energy efficiency. electro, automation & energy 2013 is organized by the trade fair specialists from fairtrade Messe and its algero-german team. The entrance to the exhibition and the conference is free-of-charge and restricted to professionals only.

Sonelgaz, the state-owned utility in charge of electricity and natural gas distribution in Algeria confirmed their participation as exhibitor at electro, automation & energy 2013. The participation of Sonelgaz includes also the participation of six of its subsidiary companies, namely: AMC – Society for measuring and control systems, CEEG –Engineering company for electricity and gas, CREDEG – Centre for research and development in electricity and gas, MEI – Society for industrial equipment maintenance, ROUIBA Eclairage and SPE – The Algerian society for production of electricity.

Condor Electronics, one of Algeria’s leaders in consumer electronics, now also enters the field of renewable energies and energy efficiency. Being exhibitor and Platinum Sponsor of electro, automation & energy Condor Electronics values this event as the ideal business to business platform to display their innovations and solutions.

Additionally to the strong Algerian participation, numerous international market leaders from China, Egypt, France, Germany, Italy, Serbia, South Korea and Tunisia already signed in.

The exhibition will be accompanied by a two-day conference with the topic: “Renewables & Energy Efficiency in the context of sustainable development in Algeria”. As in 2012, top-level speakers of the Algerian Ministries of Energy and Mines, of Industry and Commerce and of Environment as well as executives of Sonelgaz, GTP filiale SH, APRUE, CDER and many others will participate.

The organisers recommend to the trade visitors to pre-register for the exhibition at the event’s website in advance. According to Dominik Rzepka, Head of Marketing and PR with fairtrade, pre-registration takes less than three minutes and provides visitors with a free, fast track entry to the exhibition, a personal visitor badge and a complimentary copy of the official show catalogue.

www.electro-automation.info

Event Title: 3^rd Annual LNG Terminals & Distribution

Date: 1-4 July 2013

Location: Grand Copthorne Waterfront Hotel, Singapore

Website: http://www.lngregasificationterminals.com/

IBC Asia’s LNG Terminals & Distribution conference focuses on the latest LNG regasification terminal projects, innovative LNG distribution solutions,new LNG technology and fundamentalLNG operational and maintenance strategies for the long term sustainability of Asia’s LNG market.

It is the leading event that offers a key industry platform for LNG terminal developers, operators, off-takers, contractors and technology experts to share know-how, explore innovation and develop synergies for sound business partnerships.

Follow link to download LNG Terminals & Distribution brochure - http://www.ibcasia.com/conferences/energy/flng/download-brochure

What’s New for 2013?

• Larger, revamped program with more speakers & sessions to choose from
• 40+ expert speakers
• 3 specialist focused tracks, so you can customize your own program:
• LNG Terminal Planning & Investment
• LNG Terminal Operations & Maintenance
• LNG Distribution
• Showcase of technology & innovation in the LNG terminal & distribution sector
• 10+ Official Networking opportunities including networking cocktails & speed networking enabling you to develop business relationships

Key Topics to be Covered This Year Include:

• LNG Supplies for Asia’s LNG Terminals & Distribution
• Regulatory Framework & Incentives to Promote Investments in LNG Infrastructure
• New LNG Regasification Terminals in Asia
• LNG Terminal Planning & Investment
• LNG Terminal Operations & Maintenance
• Promoting & Expanding Domestic use of Natural Gas
• Developing Integrative Pipeline & Non-Pipeline Natural Gas Distribution Networks
• Small Scale LNG
• LNG Distribution Business Models
• Marine CNG Transportation & Distribution as an Alternative to Pipelines
• Virtual Pipelines

For more information, please visit www.lngregasificationterminals.com or call our customer service hotline +65 6508 2401 to enquire today.

LONDON, United-Kingdom /African Press Organization (APO)/ – The appetite for investments in projects, energy and infrastructure in Africa has not decreased despite the economic downturn. Iberian Lawyer brings over 80 experts from the banking, finance and legal sector at Chatham House, London, to discuss the current opportunities and challenges of investing in Angola and Mozambique.

The Forum is supported by leading law firms F. Castelo Branco, Cuatrecasas Gonçalves Pereira, Miranda, VdA and AVM, and focuses on the current developments and reforms in these countries.

According to KermaPartners’ latest research, the economic strength and growth in Africa makes the region a strategic target for many global law firms looking to expand their services.

Portugal and China may be the major foreign investors in Angola, but its expanding oil and gas sector continues to attract new interest. Meanwhile, efforts by the Government to diversify the economy are attracting a wider pool of international investment, according to the latest Iberian Lawyer Lusophone Africa Special Report.

Angola has been registering record growth. Ten years after the civil war, Angola’s economy is expanding at an annual rate of around eight percent. The Government is using its petrodollars to rebuild the country’s shattered infrastructure, expand the economy and modernise and better connect its cities. According to Mergermarket data, the first quarter of 2013 saw four deals worth US$4.5bn, compared to 11 transactions valued at US$8.63bn for the whole of 2012 and 12 deals for US$6.23bn in 2011.

“Relative to Angola, Mozambique may be further down the development track, but recent discoveries of huge offshore natural gas reserves hold the potential to change the economic direction of the country, says Giovanni Amodeo, global editor in chief at Mergermarket.

“Mozambique recently introduced a new PPP Law that affects strongly in future investments.”

Based on Mergermarket M&A data, Mozambique has seen the largest transaction so far this year with the acquisition of a 28.57 percent stake in ENI East Africa by China National Petroleum Company for US$4.2bn. However, uncertainty has resulted from the implementation of capital gains tax, Rio Tinto’s large writedowns on the Benga mine acquisition and the major infrastructural spending required to ensure ‘route to market’ for players using the Sena line, and ports of Beira and Nacala.

Despite this, the experts predicts that as the nation’s gas boom and sheer geological potential are realised, growth in Mozambique’s domestic steel industry will continue to attract mine builders, producers, offtakers and others to partake in potentially large M&A transactions and joint ventures.

“Africa opens a wide range of business opportunities to international players in a whole host of sectors, but always under complex and over-regulated markets,” says Mari Cruz Taboada, Managing Director of Iberian Legal Group (Iberian Lawyer). “Being accompanied by experienced lawyers is essential when strategically developing projects and investing in markets such as Angola or Mozambique.”

Players from the Middle East, Canada and Western Europe are also trying to take advantage of opportunities in the region, following in the steps of the US, China, South Africa and Brazil.

About Mergermarket

Mergermarket, part of The Mergermarket Group, is an unparalleled, independent M&A intelligence tool used by the world’s foremost financial institutions to originate deals. It provides proprietary intelligence on potential deal flow, potential mandates and valuations via the world’s largest group of M&A journalists and analysts who have direct access to the most senior decision-makers and corporates.

Incorporated in December 1999 by founders Caspar Hobbs, Charlie Welsh and Gawn Rowan Hamilton, it has since become the fastest growing business in its sector. As well as expanding its coverage across Europe, Americas, Latin America and the Asia-Pacific region, the company continues to launch ground-breaking products and services.

In August 2006 The Mergermarket Group was acquired by the Financial Times Group, publisher of the Financial Times newspaper and FT.com. FT Group is a division of Pearson plc, the international media group. For further information, please see: www.mergermarket.com

SOURCE

The Mergermarket Group

The power project has been awarded at the Africa Energy Awards

JOHANNESBURG, South-Africa, April 11, 2013/African Press Organization (APO)/ – The Aggreko Shanduka cross-border power project, located at Ressano Garcia in Mozambique has been awarded Africa’s Best Fast Track Power Project in 2012 at the Africa Energy Awards. The award ceremony took place during the gala dinner of the Power and Electricity World Africa conference and exhibition being held from the 8th to 11th of April in Johannesburg.

Commissioned in July 2012, the Ressano Garcia project is recognised as the world’s first interim cross-border IPP (Independent Power Provider) project. Utilising natural gas from Mozambique’s Temane gas fields, the output of the plant is being injected directly into the national grid of Mozambique on site via a purpose built substation. The project saw the generation and supply of 110 MW of power to Electricidade de Mocambique (EDM), the national utility of Mozambique and cross-border to Eskom, the South African national utility.

While being a highly innovative project in terms of delivering much needed power to both countries, the judges were impressed by the truly fast-track nature of the project. Commissioning the project, from first breaking ground to being fully operational, took less than four months. This included a substantial civil infrastructure programme involving the building of access roads, a 1.2 km high pressure gas pipeline, gas processing and de-pressurising infrastructure, a major substation and 1.5 kilometres of 275 kV transmission line.

The project is connected to the Southern African Power Pool (SAPP) which links the power grids of nine Southern African countries. Taking advantage of this exceptional transmission infrastructure and the flexible nature of Aggreko’s power installations, on March 14th 2013 Aggreko (http://www.aggreko.com) announced that it would extend the Ressano Garcia facility to add an additional 122 MW. Coming on-line within the second quarter of 2013, this additional power will be shared between EDM and NamPower, the Namibian national utility and bring the total generating capacity of Ressano Garcia to 232 MW.

“To realise a project of this scale and complexity, the global resources of Aggreko were mobilised to project manage and engineer the installation of Ressano Garcia. This capability coupled with the expertise of our partnering contractors and customers, working together as one team resulted in the successful delivery of this remarkable project,” commented Ron Sams, Global Operations and Technology Director, Aggreko.

“We are thrilled to receive this award in conjunction with our partner Aggreko,” commented Phuti Mahanyele, CEO, Shanduka Group. “Access to sufficient and stable power supplies creates tremendous value for the development of the region. This project has also brought significant benefits to the local population, providing increased employment opportunities, stimulating wider economic activity and, through Shanduka’s Adopt-a-School Foundation, assisting in the development of a local primary school, Escola Primaria Completa De Ressano Garcia.”

Commenting on the award James Shepherd, Managing Director, Aggreko Southern and East Africa, “I’m delighted that what is indeed a unique and ground-breaking project has been recognised as such by our industry peers. Building a power plant of such size and complexity, on a completely greenfield site, in less than four months is truly remarkable. This award recognises the vision and hard work of the project team from Aggreko and Shanduka, our customers EDM and Eskom and all the partners that made this project such a resounding success.”

Aggreko plc

Aggreko plc (http://www.aggreko.com) is the world leader in the supply of temporary power and temperature control solutions. Aggreko employs over 5,700 people operating from 194 locations. In 2012 we served customers in about 100 countries, and had revenues of approximately GBP 1.6bn (USD 2.5bn or Euros 2.0bn). Aggreko plc is listed on the London Stock Exchange (AGK.L), is a member of the FTSE-100 index, and is headquartered in Scotland. For more information, please visit the company website at http://www.aggreko.com

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 would be the supply of power to an industrial site which needs to service its permanent power supply, supplying a whole city in times of power shortage, or providing a major sporting event with power and cooling systems. We serve our customers either through our 194 service centres, which we call the Local business, or globally through our International Power Projects business.

In the Local business (http://www.aggreko.com/products-and-services), which accounts for about half of our revenues, we hire our equipment to customers, who then operate it for themselves, although we retain responsibility for servicing and maintaining it. In the International Power Projects business (http://www.aggreko.com/industries/case-study-library), which also accounts for about half of our revenues, we operate as a power producer. We install and operate power plants and we charge our customers both for providing the generating capacity, and for the electricity we produce. We design and manufacture equipment specifically for these requirements in our factory in Dumbarton, Scotland.

Recent customers include the London 2012 Olympic and Paralympic Games (http://www.aggreko.com/media-centre/press-releases/aggreko-supports-a-powerful-london-2012), the Vancouver 2010 Olympic Winter Games (http://www.aggreko.com/events/the-olympics/vancouver-2010) and the power utilities in over 50 countries including the UK (http://www.aggreko.co.uk), France (http://www.aggreko.fr), Angola, Kenya (http://africa.aggreko.com), Indonesia, Bangladesh, Venezuela, Chile (http://www.aggreko.cl), Brazil (http://www.aggreko.com.br) and the USA (http://us.aggreko.com).

In 2012 we fulfilled almost 45,000 customers’ assignments and 70% of those who responded to our research gave us a recommendation of 9 or 10 out of 10.

For more information, please visit our local website at: http://www.aggreko.co.za

Shanduka Group

Shanduka Group was founded in 2001 as a black-owned investment holding company. It is invested in a diverse portfolio of listed and unlisted companies, with key holdings in the resources and food and beverage industries. Shanduka is also invested in the financial services, energy, telecoms, property and industrial sectors. The group has investments in South Africa, Mozambique, Mauritius, Ghana and Nigeria.

The company’s investment philosophy rests on partnering with firms that have a history of delivering profitable earnings and capable management teams that embrace transformation.

Shanduka’s broad-based ownership demonstrates its commitment to empowerment and transformation. Part of its shareholding is held by trusts that invest in education and small business development. Total black ownership is 51%, of which an 18% shareholding is held by broad-based trusts.

For more information on Shanduka, please visit our website at: http://www.shanduka.co.za

SOURCE

Aggreko plc