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AGK - Aggreko News Story

671.6p -14.0  -2.0%

Last Trade - 3:46pm

Sector
Industrials
Size
Mid Cap
Market Cap £1.76bn
Enterprise Value £2.53bn
Revenue £1.67bn
Position in Universe 308th / 1843

BRIEF-Resolute Mining And Aggreko Signs Syama Power Supply Agreement

Tue 17th December, 2019 11:45pm
Dec 18 (Reuters) - Resolute Mining Ltd  RSG.AX :
    * RESOLUTE AND AGGREKO HAVE SIGNED A POWER SUPPLY AGREEMENT
FOR
NEW SYAMA SOLAR HYBRID POWER SOLUTION
    * RESOLUTE WILL PAY A LEVELISED COST OF ENERGY TARIFF OF
US$0.15
PER KILOWATT HOUR (KWH) BASED ON CURRENT HEAVY FUEL OIL PRICES
    * AGGREKO TO INSTALL, OPERATE AND MAINTAIN NEW POWER STATION
AT
SYAMA
    * PSA INCLUDES INCENTIVE PROGRAM WHEREBY AGGREKO MAY SHARE
25% TO
50% OF RESULTING FUEL SAVINGS FOR CO IF KEY PERFORMANCE
INDICATORS ACHIEVED
    * NEW POWER PLANT WILL BE FUNDED AND OPERATED BY AGGREKO
WITH
LIMITED CAPITAL CONTRIBUTION REQUIRED BY RESOLUTE

Source text for Eikon:  ID:nASX6dpHXF 
Further company coverage:  RSG.AX 

 ((Reuters.Briefs@thomsonreuters.com;))
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