Andalas Energy & Power (ADL) signs MOU for Development of Independent Power Producer at Puspa Field with PT Pertamina Power Indonesia and Siemens AG

Andalas Energy and Power plc (AIM:ADL) is pleased to announce that it has signed a memorandum of understanding with PT Pertamina Power Indonesia, a wholly-owned subsidiary of PT Pertamina (Persero), and Siemens AG regarding the development of an independent power producer at the Puspa field in Sumatra. Highlights: Andalas, PPI and Siemens agree to jointly […]

Speculative Buy rating for Andalas Energy & Power (ADL) – Beaufort Securities

Andalas Energy & Power (ADL.L) Speculative Buy at 0.06p Target Price: 0.20p Andalas is a wellhead gas power plant developer focused on the Indonesian island Sumatra. It’s working with Indonesia’s National Oil Company (Pertamina), and a division of state-owned construction company PT PP (Persero). Together they are developing gas power projects where grid infrastructure is […]

Andalas Energy & Power (ADL) – Result of Extraordinary General Meeting

Andalas Energy and Power Plc (AIM: ADL) is pleased to announce that all resolutions were passed at its extraordinary general meeting held today. The votes received were as follows: Resolution Votes received For Against Resolution 1 329,433,660 319,415,977 (97%) 10,017,683 (3%) Resolution 2 329,433,660 319,415,977 (97%) 10,017,683 (3%) Update on admission of new ordinary shares […]

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 & 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 […]