HomeIndustry SectorsFinance and PolicyTemporary power provider expands presence in southern Africa

Temporary power provider expands presence in southern Africa

Provider of temporary power solutions, Altaaqa Global CAT Rental Power, recently opened a new branch in Johannesburg that will cater to several countries in southern Africa, including South Africa, Angola, Botswana, Mozambique, Madagascar, Malawi, Namibia, Zambia and Zimbabwe.

Peter den Boogert, general manager of Altaaqa Global, says, “Altaaqa Global and its sister company in Saudi Arabia have a total combined fleet of 1,400 MW rental power plant generation readily available to serve the southern African region.”

One of the flagship innovations that Altaaqa Global will offer, he adds, is the flexible operational mode that can switch from island to grid mode in just seconds. Furthermore, Altaaqa Global’s energy rental dynamic package allows its power plants to hook directly to the grid without the need for a substation.

The global outlook for the rental power industry has been encouraging, and Steven Meyrick, board representative of Altaaqa Global, sees merit in capitalising on it through strategic market and geographic expansion. “With this recent feat, we believe that we are on our way to fulfilling, even exceeding, the highly ambitious objectives we set at the launch of our company in 2012.” Meyrick adds that Altaaqa Global would continue to pursue multi-megawatt independent power projects (IPP) in various industries

Majid Zahid, strategic accounts director of Altaaqa Global, says, “Southern Africa has a promising economic outlook within the energy, engineering, production, oil and gas, and mining sectors. We are determined to serve various industries, such as oil and gas, petrochemicals, mining, electric power utilities, industrial manufacturing and maritime.”

Altaaqa Global has been aggressively making inroads into the African market with the opening of branch offices in several key locations in the continent. “We have also recently opened an office in East Africa,” den Boogert says.

The economy of Southern Africa is largely driven by the precious stone, mineral and coal mining industry. Though still reeling from the effects of its recent economic setbacks, the African Economic Outlook expects South Africa’s economy to moderately accelerate in 2014. Angola’s economy, after experiencing slow growth due to the recent oil and financial crises, is also predicted to be on the rebound, expected to grow by 7.8% in 2014. Furthermore, Mozambique’s economy is forecast to maintain its upward trend, predicted to grow by 8% in 2014. Agriculture, manufacturing, oil and gas, in addition to mineral and coal mining, significantly contribute to the countries’ GDP, as well as to their employment rates.

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Temporary power provider expands presence in southern Africa