Andalas Energy and Power shares soar on new Indonesia venture – Proactive Investors

Andalas Energy and Power Plc (LON:ADL) shot up around 75% in Tuesday’s early deals after it announced a new consortium agreement which foresees the development of a wellhead power project in Indonesia. The AIM-quoted firm has signed the deal with PT PP Energi (PPE), a subsidiary of state-owned Indonesian construction and engineering group PT PP (Persero), […]

Andalas Energy & Power (ADL) – Company and development updates

Andalas Energy and Power plc (AIM:ADL) is pleased to provide an operational update on its strategy to develop a portfolio of 250MW to 500MW of wellhead independent power projects (‘IPPs’) in Indonesia fired with gas from proven fields and also to provide an update on its zero coupon loan note (‘the Loan Note’) issued to […]

Andalas Energy and Power (ADL) – Signs Agreement with PT PP Energi

Andalas Energy and Power plc (AIM:ADL) is pleased to announce that it has signed an agreement with PT PP Energi, a division of PT PP (Persero) Tbk, the state owned construction and engineering company, to jointly develop gas fired power facilities (“IPPs”) in Indonesia.  The Agreement is a significant milestone for the Company because it […]