AI Terminal

MODULE: AI_ANALYST
Interactive Q&A, Risk Assessment, Summarization
MODULE: DATA_EXTRACT
Excel Export, XBRL Parsing, Table Digitization
MODULE: PEER_COMP
Sector Benchmarking, Sentiment Analysis
SYSTEM ACCESS LOCKED
Authenticate / Register Log In

Albioma

Capital/Financing Update May 31, 2017

1094_iss_2017-05-31_7ea9818f-d48f-4c51-8608-5f9190891a9a.pdf

Capital/Financing Update

Open in Viewer

Opens in native device viewer

PRESS RELEASE PARIS LA DÉFENSE, 31 MAY 2017

ALBIOMA CARAÏBES: SIGNATURE OF A RIDER TO THE EDF CONTRACT

Remuneration for the capital expenditure to bring the fume treatment systems into compliance

Compensation for the additional costs of eliminating combustion by-products

On 29 May 2017, the Albioma Caraïbes power plant (Guadeloupe) signed a rider to its electricity sale contract with EDF, after a favourable opinion from the French Energy Regulatory Commission (Commission de Régulation de l'Énergie) on 22 February 2017.

This rider sets the remuneration for the capital expenditure of €22 million to bring the fume treatment systems into compliance with the European Directive on industrial emissions (IED).

It also provides for an increase in the remuneration of the plant which will offset, both for the past and for the future, the additional costs generated by taking into account regulatory changes specifying the means of eliminating the solid combustion by-products from the plant (slag and fly ash).

Next on the agenda: Ordinary and Extraordinary General Meeting of shareholders at 3 pm on 31 May 2017.

ABOUT ALBIOMA

_____

_____

For further information, please visit www.albioma.com

_____ _____

JULIEN GAUTHIER [email protected] +33 (0)1 47 76 67 00

INVESTOR CONTACTS MEDIA CONTACTS – LPM STRATEGIC COMMUNICATIONS

LUC PERINET-MARQUET [email protected] +33 (0)1 44 50 40 35

ALBIOMA SHARES ARE LISTED ON NYSE EURONEXT PARIS (SUB B) AND ELIGIBLE FOR THE DEFERRED SETTLEMENT SERVICE (SRD) AND PEA-PME PLANS

Albioma is an independent energy producer and world leader in the conversion of biomass into a highlyeffective source of energy, in collaboration with its agri-business partners. For more than 20 years, Albioma has operated power plants recovering bagasse, a fibrous by-product of sugar cane, replaced by coal outside the sugar cane harvest. Its unique expertise has enabled Albioma to establish itself as an indispensable partner in the sugar and ethanol industry in the French overseas territories and Mauritius. Albioma is now developing power plants using only biomass, which recover, in addition to bagasse, green waste and wood industry residue. The Group also operates a highly-efficient photovoltaic installation. In 2014, the Group, which already had a presence in mainland France, the French overseas territories and Mauritius, began operating in Brazil, the world's leading sugar cane producer.

Talk to a Data Expert

Have a question? We'll get back to you promptly.