Altaaqa Global Energy Services Announces a 20 MW Natural Gas BOOT Deal in Colombia

JEBEL ALI, UAE - March 5, 2019 - PRLog -- Altaaqa Global Energy Services will produce 20 MW of electricity using stranded natural gas assets over the period of the project, on build-own-operate-transfer (BOOT) model.

"This project," explains Scott Craig, Operations and Engineering Director, "is a key enabler for the rehabilitation of the fertilizer plant operation, which will create much-needed local employment once completed.

Another important commercial aspect of this project is that it will provide additional capacity on the local utility network. The excess generation capacity will be traded on a firm basis under an additional PPA."

James Shepherd, Chief Executive Officer, adds: "We are delighted to once again demonstrate our ability to deliver bespoke BOOT projects globally to our clients. As our global footprint grows, we will continue to offer our customers best-in-class technologies and energy services."

Majid Zahid, Group President, concludes: "This project demonstrates our capability to implement our global strategy to diversify our technology and business model. Going forward, we will continue to engineer innovative bespoke energy solutions for our customers."