Caterpillar Inc. last week entered into a five-year international power projects agreement with Singapore-based APac Energy Rental Ltd. to develop temporary power solutions to meet the needs of the growing IPP market. As part of the agreement, APac will further strengthen its position in this market by offering readily available, competitively priced power solutions from Caterpillar supported by partnerships within the extensive Cat dealer network.

"The Cat brand is well-known and respected worldwide," said Shaun Cockman, CEO, APac. "This agreement is the beginning of a new growth strategy for APac, leveraging our coverage in Asia Pacific, Caterpillar's world-class products and the support of the Cat dealer network."

"APac is an excellent partner for Caterpillar as we work to grow our international power projects business," said Bill Rohner, vice president of electric power at Caterpillar. "APac's experience in Asia Pacific along with Caterpillar's engineering and product expertise will enable us to better serve our customers and enable us to attain a leadership position in the IPP market."

APac is a privately held company incorporated in Singapore and currently operates a number of sales and support offices in the region. It aims to be recognized as one of the strongest, most professional IPP providers globally. APac plans to continue building its fleet, focusing on Asia Pacific and other global opportunities, and will collaborate with Cat dealers for local know-how and expertise. To date, APac has completed projects in Japan and Australia.

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Peoria, Ill.-based Caterpillar Inc. is the world's leading manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.