Andalas Energy & Power (ADL) – Settlement of loan note, placing and notice of EGM

Andalas Energy and Power plc (AIM:ADL) is pleased to announce that it has conditionally raised £1,050,000 via a placing of 1,615,384,615 ordinary shares of nil par value at a price of 0.065 pence per share. The proceeds will be used to repay the outstanding Sandabel Capital LP loan note.  Andalas will also use the proceeds […]

Andalas Energy & Power (ADL) clarifies detail on first Wellhead IPP consortium agreement

Andalas Energy and Power plc (AIM:ADL) notes the media speculation regarding its announcement of 8 August 2017 that it had entered into a consortium agreement with PT PP Energi (‘PPE’), a subsidiary of PT PP (Persero) Tbk, the Indonesian state owned construction and engineering company, to develop the Jambi-1 30+MW independent gas-fired wellhead power facility […]

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 […]