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Aggreko to power-up next Winter Olympics

Aggreko recently announced it would be providing the power for the 2018 Gold Coast Commonwealth Games in Australia, and now it has bagged next year's Winter Olympics

The Olympic Games is the gift that keeps on giving for temporary power provider Aggreko PLC (LON:AGK).

The FTSE 250 company has been awarded a contract to be the official temporary electricity generation provider for the 2018 Olympic Winter Games, which are being held in PyeongChang, South Korea.

Aggreko will provide power across 18 competition venues as well as the international broadcast centre.

The value of the contract is expected to be around US$40 million and as part of the agreement Aggreko will be a sponsor of the Olympic Games.

"I am delighted that Aggreko has been appointed the official power provider for the Olympic Winter Games PyeongChang 2018. We look forward to helping the organising committee deliver another successful games," said Chris Weston, chief executive officer of Aggreko.

Shares in Aggreko nudged up 5p to 954p.

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