UPDATE 2-Temporary power firm Aggreko pulls out of 2016 Olympics tender

viernes 18 de diciembre de 2015 04:23 GYT

* Rio organisers under pressure to cut spending

* Aggreko has worked on nine Olympic Games (Adds analyst comment, background, shares)

By Li-mei Hoang

LONDON, Dec 18 (Reuters) - British temporary power provider Aggreko has pulled out of a tender to supply generators to the Olympic Games in Rio de Janeiro next year, dealing a blow to organisers rushing to secure an energy source for the world's largest sporting event.

The company, viewed as the most experienced bidder, announced its withdrawal on Friday, confirming a Dec. 14 Reuters report that cited a spokesman for Rio 2016.

Aggreko said in a statement that as it had not been awarded the first tranche of contracts, which had been broken into different segments, it had pulled out of bidding for the rest.

The British firm has been involved in nine Olympics as well as six soccer World Cups, and its withdrawal is a worrying sign for Rio organisers who are under huge pressure to cut spending as Brazil languishes in its worst recession in 25 years.

The government has already warned there is no money to cover any cost overruns.

Some analysts have said the withdrawal may also hit Aggreko's 2016 earnings. The company had already warned in August that markets were likely to remain difficult next year, after a profit warning in July.   Continuación...