Altaaqa Global Opens Office in Southern Africa

Online, June 4, 2014 (Newswire.com) - Altaaqa Global CAT Rental Power, a global provider of temporary power solutions, has recently opened a new branch in Johannesburg that will cater to several countries in Southern Africa, including the Republic of South Africa, Angola, Botswana, Mozambique, Madagascar, Malawi, Namibia, Zambia and Zimbabwe.

Altaaqa Global will bring its expertise, innovative technologies, industry-proven reliability and rapid deployment to the region, which is largely known for its thriving oil and gas, industrial manufacturing, and mineral and coal mining industries. Peter den Boogert, General Manager of Altaaqa Global, said that we would provide Southern Africa with the most advanced power plant packaged systems, remote monitoring, and fuel-efficient gas, diesel or dual-fuel-powered generators. "Altaaqa Global and its sister company in Saudi Arabia have a total combined fleet of 1,400 MW rental power plant generation readily available to serve the Southern African region."

One of the flagship innovations that Altaaqa Global will offer, he added, was the flexible operational mode that can switch from island to grid mode in just seconds. Furthermore, Altaaqa Global's energy rental dynamic package allows its power plants to hook directly to the grid without the need for a substation.

The global outlook for the rental power industry has been encouraging, and Steven Meyrick, Board Representative of Altaaqa Global, sees merit in capitalizing on it through strategic market and geographic expansion. "With this recent feat, we believe that we are on our way to fulfilling, even exceeding, the highly ambitious objectives we set at the launch of our company in 2012." Meyrick added that Altaaqa Global would continue to pursue multi-megawatt independent power projects (IPP) in various industries, in addition to heavily investing in human resources, process and business optimization, and product expansion.

In line with its avowed corporate social responsibility programs that aim to alleviate the social needs of its immediate environs, Altaaqa Global will also continue to provide job opportunities, extend immediate assistance for school children, and conduct educational campaigns on energy conservation and environmental stewardship in Southern Africa. Meyrick continued, "One of the pillars of our sustainable business model is employing and training local professionals in areas where we operate, and we are excited to extend that commitment to Southern Africa."

Majid Zahid, Strategic Accounts Director of Altaaqa Global, said, "Southern Africa has a promising economic outlook within the energy, engineering, production, oil and gas, and mining sectors, and we are delighted to open our new office in Africa to provide our wide range of highly innovative interim power plants. We are determined to serve various industries, such as oil and gas, petrochemicals, mining, electric power utilities, industrial manufacturing and maritime."

Altaaqa Global has been aggressively making inroads into the African market with the opening of branch offices in several key locations in the continent. "We have also recently opened an office in East Africa," said Den Boogert, "and have appointed a highly competent management team to oversee our African operations." He shared the information that Hendrick Mtemeri, a power distribution veteran with more than 20 years of experience in the power utility industry, has been appointed as the Regional Director for the entire Sub-Saharan region, and Paul Heyns, a power equipment engineering expert based in Pretoria, and Oduor Omolo, power generation professional based in Nairobi, have been appointed as Sales Managers for Southern Africa and East Africa, respectively. "Under their leadership, we will reinforce our presence in Africa and ensure that we stay close with our customers."

The economy of Southern Africa is largely driven by the precious stone, mineral and coal mining industry. The Republic of South Africa, a leading economy in the Southern African region, is ranked as an upper-middle income economy by the World Bank, and is touted to be the largest African economy ahead of Nigeria. Though still reeling from the effects of its recent economic setbacks, the African Economic Outlook expects South Africa's economy to moderately accelerate in 2014. Angola's economy, after experiencing slow growth due to the recent oil and financial crises, is also predicted to be on the rebound, expected to grow by 7.8% in 2014. Furthermore, Mozambique's economy is forecast to maintain its upward trend, predicted to grow by 8% in 2014. Agriculture, manufacturing, oil and gas, in addition to mineral and coal mining, significantly contribute to the countries' GDP, as well as to their employment rates.

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Robert Bagatsing
Altaaqa Global
Tel: +971 56 1749505
rbagatsing@altaaqaglobal.com

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