The event
highlighted Altaaqa Global’s geographic expansion plans and emphasized its
intention to pursue international power projects by investing a huge amount of
resources in countries where it plans to operate. On top of an extensive global
CAT dealer network with over 1500 dealer & rental outlets and over 1700
dealer branch stores worldwide, Altaaqa Global plans to set-up regional hubs
around the world while rapidly expanding its generator fleet year-on-year.
Barcelona,
Spain – Altaaqa Global Cat Rental Power, a leading global power solutions
provider, has successfully launched its brand in Barcelona, Spain. The grand
launching was attended by several Energy Ministers, Presidents and CEOs of
power utility companies, Ambassadors and Caterpillar Inc. executives.
 |
| His Excellency Dr. Ali Mihirig, Minister for Electricity & Renewable Energy, Libya & Sheikh Fahad Zahid, Altaaqa Global during the ribbon cutting ceremony |
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| Her Excellency F. S. Magubane, South African Ambassador in Spain & officials from Department of Energy of South Africa, with Majid Zahid & Peter den Boogert of Altaaqa Global |
“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. “It is a great honor to have hosted several Presidents,
Ministers and business partners, and shared the goals of the company. 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.”
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.
--- END ---
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. The company
owns, mobilizes, installs, and operates efficient temporary independent power
plants (IPP’s) 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. Offering power rental equipment
that will operate with different types of fuel such as diesel, natural gas, or
dual-fuel, Altaaqa Global is positioned to rapidly deploy and provide temporary
power plant solutions, delivering electricity whenever and wherever it may be
needed.
PRESS
INQUIRIES
Robert
Bagatsing
Altaaqa
Global
Tel: +971 56
1749505
READER
REQUESTS
Altaaqa
Global
Marketing
Department
P.O. Box
262989
Dubai,
United Arab Emirates
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