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Dubai outfit Altaaqa signs five-year power project agreement with Caterpillar

Mon, 04/22/2013 - 18:36 -- Editor

Caterpillar has entered into a five-year international power projects agreement with Saudi Arabia’s Zahid Group, which recently formed a new subsidiary company in Dubai, Altaaqa Global.

Altaaqa Global will provide fast-track and large-scale temporary power solutions from 20 MW to 100 MW and more, offering gas, diesel or dual fuel technology to various sectors such as oil and gas, power utilities, mining, government services, military, manufacturing and construction.  

As an IPP partner, Altaaqa Global will provide multi-megawatt temporary power solutions around the world, supported by the 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. “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.”