Dubai-based Altaaqa Global has entered into an international power projects agreement with Caterpillar (NYSE:CAT) to provide large-scale temporary power solutions worldwide by leveraging the latter’s extensive dealer network.
Altaaqa Global, which is a subsidiary of the Zahid Group, will work closely with Cat power generation consultants to provide fast-track and large-scale temporary power solutions, ranging from 20 MW to 100+ MW.
A variety of industrial sectors, such oil & gas, power utilities, mining, manufacturing and construction will be targeted with diesel or dual-fuel technology.
“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 (pictured sitting left).
“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.”
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