Aggreko secures Tokyo Olympics contract

(Sharecast News) - Aggreko said on Friday that its subsidiary, Aggreko Events Services Japan Limited (AESJL), has been awarded the supply contract for temporary electricity generation by The Tokyo Organising Committee for the Olympic and Paralympic Games.As part of the supply contract - which is worth around $200m - AESJL will provide temporary electricity generation and distribution systems to support the Tokyo 2020 Olympic and Paralympic Games.The business's extended scope of supply includes temporary medium and low voltage power systems across 43 competition venues, the Athletes Village and the International Broadcast Centre, ensuring reliable power for all stakeholders in the venues and uninterrupted television broadcast to millions of viewers.Aggreko said the contract reinforces confidence in its ability to achieve its mid-teens return on capital employed target in 2020.Chief executive officer Chris Weston said: "We are delighted to have secured what is one of the most prestigious event contracts won by Aggreko. Our experienced team will support the Tokyo 2020 Organising Committee to ensure our role in the success of the 2020 Olympic and Paralympic Games is flawlessly delivered."