Aggreko PLC Update on Argentina Contracts (1892U)

TIDMAGK

RNS Number : 1892U

Aggreko PLC

16 January 2017

16 January 2017

Aggreko plc

Update on Argentina Contracts

The Government of Argentina has extended our fixed site contracts, equivalent to 174MW, until 31 December 2017. The original contracts amounted to 180MW.

Of the standby contracts, which originally totalled 270MW, 56MW off-hired in 2016, leaving the balance at 214MW. These remaining contracts have now all been extended until the end of February or March 2017; the detail can be found in the table below.

All of the extensions have been priced in-line with our expectations.

Argentina Contracts

Contract volumes, original expiry dates and extensions

   --      56 MW stand-by                          off-hired October 2016 

-- 64 MW stand-by November 2016 extended until end of Feb 2017

-- 50 MW stand-by December 2016 extended until end of Mar 2017

-- 100 MW stand-by March 2017 extended until end of Mar 2017

-- 174 MW fixed sites Various extended until end of 2017

Enquiries

 
 Investors & Analysts 
                               [phone] 
 Tom Hull, Aggreko plc          727 
 Media 
 Liz Morley/Sam Cartwright,    [phone] 
  Bell Pottinger                2500 
 

Notes to Editors

Around the world, people, businesses and countries are striving for a better future. A future that needs power and the right conditions to succeed.

That's why Aggreko works around the clock, making sure our customers get the electricity, heating and cooling they need, whenever they need it - all powered by a trademarked passion, unrivalled international experience and local knowledge. From urban development to unique commercial projects and even humanitarian emergencies, we bring our expertise and equipment to any location, from the world's busiest cities to some of the most remote places on earth.

Every project is different, so Aggreko listen first and design a system around our customers, delivering our service and support anywhere, to any scale. Transforming the lives and livelihoods of individuals, organisations and communities across the globe.

This information is provided by RNS

The company news service from the London Stock Exchange

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January 16, 2017 02:00 ET (07:00 GMT)