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) signs first Indonesian wellhead IPP consortium agreement with state-owned enterprise

Andalas Energy and Power plc (AIM:ADL) is pleased to announce that it has signed a legally binding Consortium Agreement with PT PP Energi, 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 in Jambi Province, South Sumatra, Indonesia and […]