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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Aggreko Plc | LSE:AGK | London | Ordinary Share | GB00BK1PTB77 | ORD 4 329/395P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 869.50 | 869.00 | 869.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMAGK
RNS Number : 4746B
Aggreko PLC
07 January 2015
7 January 2015
Aggreko plc
Aggreko secures new contract and multi-year contract extensions
-- Additional 150MW diesel-fuelled contract signed in Argentina -- 500MW of contract extensions agreed in Argentina and Cote d'Ivoire
Aggreko is pleased to announce that it has signed a two year contract to provide an additional 150MW of diesel-fuelled power in Argentina. The agreement was awarded by Energia Argentina SA (ENARSA) following a period of negotiation. Additionally, we have agreed to extend our existing 300MW of capacity with the same customer, for approximately two more years. In negotiating these contracts, we have reached a settlement on an amount of outstanding debt, which had previously been provided against, and as such we anticipate a small increase in the 2014 full year trading profit.
We are also pleased to have signed a three year extension for 200MW of gas-fuelled plant in Cote d'Ivoire, with the option for the customer to extend this for a further two years. The contract, initially awarded by the Société des Energies de Côte d'Ivoire (CI-ENERGIES) in 2010, will reinforce the power supply in Cote d'Ivoire.
Power Projects order intake for 2014 was 757MW; order intake for 2015 year to date is 150MW.
Chris Weston, Chief Executive Officer of Aggreko, said: "It is pleasing to build on existing relationships and to have been selected to assist our customers in Argentina and Cote d'Ivoire with their on-going power needs. The extension of 500MW of existing contracts, for multiple years and new work in Argentina gives us positive momentum as we begin 2015."
Enquiries to:
Investors & Analysts Louise Bryant, Aggreko plc +44 7876 478 272 Media Neil Bennett / Tom Eckersley, Maitland +44 20 7379 5151
This information is provided by RNS
The company news service from the London Stock Exchange
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