La Française de l’Energie: Operational and Financial Targets Achieved
10 Mai 2017 - 09:21PM
Business Wire
- 9-month revenue increase: €2
895K
- Production test launch
Regulatory News:
In thousands of €
2016/2017 2015/2016
Revenue 1st half 1 860 0 Revenue 3rd quarter 1
035 0
Revenue 9 months 2 895
0
La Française de l’Energie (Paris:LFDE) (Euronext: LFDE - ISIN:
FR0013030152), leader in clean gas thanks to its local energy
production, confirms the upward trend of its Gazonor activity
during the third quarter, with revenue of €1 035K, raising the
Group’s 9-month revenue to €2 895K.
This first income generation from only the sale of gas
trapped in the former coal mine galleries in Hauts-de-France
should continue over the course of 2017. Indeed, since the 4
November 2016, La Française de l’Energie qualifies for the feed-in
tariffs for green electricity, which are guaranteed for fifteen
years.
The first engines allowing for the conversion of the trapped gas
into green electricity will be installed by the end of the month on
four sites in Hauts-de-France. The installation of these engines
will ensure significant additional income for the Group starting
as soon as July.
Each gas engine installed will produce as much electricity as
three wind turbines. Thus, the six engines, representing a total
capacity of 9 MW, should, in time, generate enough electricity
to meet the needs of a city with over 40 000 residents. The
rolling-out of this green-electricity activity confirms La
Française de l’Energie’s innovative positioning as a producer of
clean and local energy.
Production test launch at the site in Lachambre
(Moselle)
As planned, at the end of April, LFDE finalized its first
recovery site in Lachambre in Lorraine, where seven layers of coal
were identified with an average gas content of 10
m3, which is significantly higher than
predicted.
In line with its market plan, LFDE is now launching the
production test. This operation, which will take over three
months, should allow LFDE to begin capturing the gas from this
first recovery site during the summer of 2017 and confirm the gas
content observed in the samples.
The successful development of this first gas-recovery site in
accordance with the best European standards demonstrates LFDE’s
ability to provide energy that is cleaner, competitive and made in
France.
Nothing significant has happened that could affect the Group’s
financial situation, which remains solid as at 31 March 2017.
Thanks to the above achievements, La Française de l’Energie
has strengthened its position as an operator of reference as a
clean energy producer and confirms improvement in its operational
profitability as from July 2017.
Reuters code: LFDE.PA Bloomberg code: LFDE.FP
About La Française de l’Energie
La Française de l’Energie is a SME headquartered in Lorraine,
leader in industrial ecology, specialized in coal bed methane and
coal mine methane recovery in the former coal mining basins of
North and Eastern France. Thanks to its proven know-how in geology
and engineering, La Francaise de l’Energie provides gas, green
electricity and heat to regional consumers, replacing imported
energy with a cleaner local alternative. La Française de l'Energie
benefits from a strong growth potential and aims to become a major
energy player in Europe. The company has also been awarded the
innovative enterprise label by Bpifrance.
More information: www.francaisedelenergie.fr
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