Aggreko PLC Update on Argentina Contracts (1892U)
16 January 2017 - 6:00PM
UK Regulatory
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
+44 7342 056
Tom Hull, Aggreko plc 727
Media
Liz Morley/Sam Cartwright, +44 20 3772
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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