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Caterpillar has entered into an international power projects (IPP) agreement with Saudi Arabia-based Zahid Group's subsidiary company Altaaqa Global
As part of the agreement, Altaaqa Global will provide multi-megawatt temporary power solutions around the world, supported by partnerships within the worldwide Caterpillar dealer network.
Caterpillar power generation consultants and a specialised power team from Altaaqa Global will work towards ensuring that the technical and logistical aspects of projects were addressed both effectively and efficiently.
Zahid Group executive vice president Fahad Y Zahid said, “We have been serving our customers within Saudi Arabia since our inception. In 2004, we launched Altaaqa Alternative Solutions, which later became a fleet owner of Cat Rental Power with more than 750MW in its inventory.
“Through this IPP agreement our new subsidiary, Altaaqa Global will enable us to strengthen our position as a provider of turnkey temporary power solutions at a global level.”
Caterpillar electric power vice president Bill Rohner commented, “Zahid Group has demonstrated a track record of excellent customer service for more than 60 years. Having them as a strategic partner will help expand Caterpillar’s evolving role in the IPP market.”
Altaaqa Global managing director Steven Meyrick added, “Caterpillar’s global presence and Altaaqa Global’s temporary power expertise is a powerful synergy. Bringing power to solutions is what we are offering.”
Peter den Boogert, business development general manager at Altaaqa Global, said, “Our temporary power plants are mobile, easy to deploy and quick to install. We can intelligently generate electricity within weeks in Africa, the Middle East, Latin America, Asia and the Pacific.”