Libya's Electricity & Renewable Energy Minister
Dr Ali Mihirig and Fahad Zahid of Altaaqa
Global during the opening.
Altaaqa launches operation in Spain
Dubai, July 3, 2013
Altaaqa Global Cat Rental Power, a leading global power solutions provider, has successfully launched its brand in Barcelona, Spain.
The launch was attended by several energy ministers, presidents and CEOs of power utility companies, ambassadors and Caterpillar executives.
“We are delighted that key clients, stakeholders and friends in the power industry attended our grand launching in Europe”, said Steve Meyrick, managing director of Altaaqa Global.
“Our mission is very clear - to serve our clients with integrity, professionalism and excellence when they require temporary power solutions. I envision Altaaqa Global will become one of the best, if not, the leading temporary energy provider in the world by 2020. The future growth of the company lies in its expertise to organically grow its business model, rapidly set -up regional offices in the emerging markets, and through sound business acquisitions. We are planning to invest a substantial amount of resources that include power equipment, local employment, and training and development in countries where we will operate,” he said.
Altaaqa Global, a subsidiary of Zahid Group, has been selected by Caterpillar to deliver multi-megawatt turnkey temporary power solutions worldwide. The company owns, mobilises, installs, and operates efficient temporary independent power plants (IPPs) at customer sites, focusing on the emerging markets of Sub-Sahara Africa, Central Asia, the Indian Subcontinent, Latin America, South East Asia, the Middle East, and North Africa.
Peter den Boogert, general manager for business development of Altaaqa Global, added: “We have the right processes and business model, highly skilled power specialists, the latest Caterpillar power technology, and abundant material resources to propel the company’s goals in the energy sector. We are bringing new-to-the-market power rental technologies that the electric power generation industry has never seen before, from fuel efficiency to our proven streamlined operational processes that delivered 24 MW in 96 hours.”
By offering diesel, gas and dual-fuel temporary power plants, Altaaqa Global’s product offerings will have a significant boost in the economy of emerging markets. To catch up with the demand for power generation, these countries require interim solutions as a stop-gap measure while waiting for the power infrastructure to be built.
According to Robert Bagatsing, marketing manager of Altaaqa Global: “Progress has a momentum can’t be stopped. We must be able to provide the right amount of power supply to industrial, commercial, and residential communities. Altaaqa Global’s temporary power plants ensure continuous economic growth, avoiding electricity interruption, power outages or load shedding.”
The demand in electricity has changed significantly since the 1960s. The use of industrial machines and household powered devices, increased population, high technological advancement, and economic growth has resulted in a need for more power in emerging markets, particularly in Africa, Latin America, South and East Asia.
Bagatsing added: “Electricity shortages around the world are staggeringly high because the power supply can no longer cope with the ever-increasing demand. Furthermore, as the power redundancy comes under pressure, time capacity for overhauls and maintenance is limited.” – TradeArabia News Service