Partners with Caterpillar dealer Unatrac Ltd, UK.

Viathan Engineering Limited a leading indigenous provider of integrated captive and embeddedpower solutions and a pioneer in the Nigerian power industry recently in London executed atechnical partnership agreement with Caterpillar dealer Unatrac Ltd UK; a leading industrysupplier of Caterpillar generators. Having set a plan to achieve a generation capacity of 200MW over a five (5) year period from itscurrent 50MW, Viathan Engineering Ltd thus found in Caterpillar/Unatrac a formidable partnerto work with in the realisation of its ambitious growth plans. Choosing a major manufacturer likeCaterpillar is significant says Viathan CEO Ladi Sanni; “the engine technology, technicalcapabilities, aftersales support and extended footprint in Europe and Africa which ensures shortturnaround for gas engine delivery, makes Caterpillar/Unatrac a partner of choice for Viathan.This in turn enables the power company to meet customer demands much faster”. Unatrac Managing Director, Steven Scott, was pleased to add his support; ‘With our broadfootprint in Africa we are very pleased to be able to partner and support Viathan as it grows itspower generating capacity to 200MW over the next five years. In choosing Caterpillar/UnatracViathan is guaranteeing quality of product and reliability of service’. The agreement which encompasses the supply of gas engines for power generation was executedwith competitive commercial terms comparable in the industry, with the scope coveringEngineering design, Equipment Sales, Shipping, Installation, Testing and Commissioning. In a related development, Viathan recently obtained the approval of the Securities and ExchangeCommission (SEC) to establish a N50billion Medium Term Note Programme, to finance thecapital raising plans for its proposed capacity expansion program as well as toimprove operational efficiency. The first series of bonds to be issued under the Programme will be guaranteed by InfraCredit, a‘AAA’ rated local currency guarantee facility established to support long term local currencyfinancing for infrastructure in Nigeria. The timing of these two events according to Ladi Sanni