Aggreko PLC Contract Win (4746B)
January 07 2015 - 1:00AM
UK Regulatory
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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