Caterpillar Inc. entered into an international power projects agreement with Zahid Group, which recently formed a new unit, Altaaqa Global. As a partner, Altaaqa Global will provide multi-megawatt temporary power solutions around the world, supported by partnerships within the worldwide Cat dealer network.
"We have been successfully serving our customers within the Kingdom of Saudi Arabia since our inception," said Fahad Y. Zahid, executive vice president of Zahid Group. "In 2004, catering to local needs, we launched Altaaqa Alternative Solutions , which later became the world's largest fleet owner of Cat Rental Power with over 750 MW in its inventory. Through this IPP agreement, our new subsidiary, Altaaqa Global, will enable us to strengthen our position as a leading provider of turnkey temporary power solutions, now at a global level."
Based in Dubai, United Arab Emirates, Altaaqa Global provides temporary power solutions from 20 MW to 100 MW and more, offering gas, diesel or dual fuel technology to various sectors such as oil & gas, power utilities, mining, government services, military, manufacturing and construction.
Cat power generation consultants along with a specialized power generation team from Altaaqa Global are fully aligned right from the planning phase, ensuring that the technical and logistical aspects of projects are addressed.