Jan 4 UK's Aggreko Plc said on
Wednesday it had been appointed the official temporary power
provider for the 2018 Winter Olympics in Pyeongchang.
The company, which is the world's largest temporary power
provider, said it would provide power across 18 competition
venues and broadcast centre as part of a contract expected to be
valued at around $40 million.
Aggreko had earlier pulled out of a tender to supply
generators to the Olympic Games in Rio de Janeiro in 2016, after
not being awarded the first tranche of contracts.
The contract win comes amid a tough period for Aggreko,
which said late last year it was reviewing the value of its
North American fleet of oil and gas rental generators after
further weakness in that market hit its quarterly revenue.
Aggreko would be a sponsor for the Pyeongchang Olympics as
part of the deal, it said on Wednesday.
Asia's first Winter Olympics outside Japan will see the
coastal city of Gangneung host figure skating, curling, ice
hockey, speed and short-track skating events, while Pyeongchang,
some 180 kilometres east of Seoul, will stage mountain events.
(Reporting by Esha Vaish in Bengaluru; Editing by Amrutha